BHP Group Limited (NYSE:BHP) Stock Position Trimmed by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in BHP Group Limited (NYSE:BHPFree Report) by 46.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,847 shares of the mining company’s stock after selling 5,137 shares during the quarter. International Assets Investment Management LLC’s holdings in BHP Group were worth $371,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Klingman & Associates LLC increased its stake in BHP Group by 3.7% during the 4th quarter. Klingman & Associates LLC now owns 4,333 shares of the mining company’s stock valued at $269,000 after buying an additional 155 shares during the period. Veracity Capital LLC grew its stake in shares of BHP Group by 1.3% in the 1st quarter. Veracity Capital LLC now owns 13,035 shares of the mining company’s stock worth $827,000 after purchasing an additional 167 shares during the last quarter. RNC Capital Management LLC increased its position in shares of BHP Group by 0.7% in the fourth quarter. RNC Capital Management LLC now owns 26,096 shares of the mining company’s stock worth $1,619,000 after acquiring an additional 176 shares in the last quarter. Optimum Investment Advisors increased its position in shares of BHP Group by 20.0% in the fourth quarter. Optimum Investment Advisors now owns 1,200 shares of the mining company’s stock worth $74,000 after acquiring an additional 200 shares in the last quarter. Finally, Stonnington Group LLC increased its position in shares of BHP Group by 0.8% in the first quarter. Stonnington Group LLC now owns 24,800 shares of the mining company’s stock worth $1,555,000 after acquiring an additional 200 shares in the last quarter. 6.14% of the stock is currently owned by institutional investors.

BHP Group Stock Down 0.2 %

Shares of NYSE:BHP opened at $59.67 on Monday. BHP Group Limited has a 52 week low of $46.92 and a 52 week high of $71.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.69. The company’s fifty day moving average is $59.11 and its 200-day moving average is $62.07. The company has a market capitalization of $88.02 billion, a PE ratio of 11.28, a P/E/G ratio of 3.44 and a beta of 0.89.

Analyst Ratings Changes

Several analysts recently commented on BHP shares. Citigroup started coverage on shares of BHP Group in a report on Monday, April 24th. They set a “neutral” rating for the company. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 19th. BNP Paribas upgraded shares of BHP Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 28th. CLSA upgraded shares of BHP Group from an “underperform” rating to an “outperform” rating in a research note on Wednesday, April 5th. Finally, The Goldman Sachs Group upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,435.00.

BHP Group Company Profile

(Free Report)

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

Further Reading

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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