Narwhal Capital Management Sells 4,550 Shares of BHP Group Limited (NYSE:BHP)

Narwhal Capital Management cut its stake in shares of BHP Group Limited (NYSE:BHP) by 24.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the mining company’s stock after selling 4,550 shares during the quarter. Narwhal Capital Management’s holdings in BHP Group were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BHP. Hsbc Holdings PLC raised its position in BHP Group by 49.5% in the second quarter. Hsbc Holdings PLC now owns 12,762 shares of the mining company’s stock valued at $729,000 after purchasing an additional 4,228 shares during the last quarter. Sei Investments Co. raised its holdings in BHP Group by 3.4% in the 2nd quarter. Sei Investments Co. now owns 94,442 shares of the mining company’s stock valued at $5,392,000 after buying an additional 3,129 shares during the last quarter. AQR Capital Management LLC boosted its position in BHP Group by 269.6% during the 2nd quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock worth $1,619,000 after buying an additional 20,685 shares during the period. Creative Planning grew its holdings in BHP Group by 18.6% during the 2nd quarter. Creative Planning now owns 152,943 shares of the mining company’s stock worth $8,732,000 after acquiring an additional 23,965 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in BHP Group by 70.3% in the 2nd quarter. NewEdge Advisors LLC now owns 74,424 shares of the mining company’s stock valued at $4,249,000 after acquiring an additional 30,714 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Up 0.8 %

Shares of BHP opened at $49.88 on Monday. The firm’s fifty day simple moving average is $50.59 and its two-hundred day simple moving average is $53.88. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.