BHP Group Limited (NYSE:BHP) Stake Trimmed by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its position in BHP Group Limited (NYSE:BHP) by 55.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,170 shares of the mining company’s stock after selling 51,881 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in BHP Group were worth $2,059,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC grew its stake in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares in the last quarter. Huntington National Bank grew its position in BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares in the last quarter. Essex Savings Bank grew its position in BHP Group by 3.0% during the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares in the last quarter. Pinnacle West Asset Management Inc. grew its holdings in shares of BHP Group by 2.8% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock valued at $506,000 after acquiring an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of BHP Group by 4.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after acquiring an additional 263 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Jefferies Financial Group decreased their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 0.7 %

Shares of BHP stock opened at $48.82 on Tuesday. The stock has a fifty day moving average price of $50.28 and a 200 day moving average price of $53.54. BHP Group Limited has a one year low of $48.06 and a one year 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.

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.