BHP Group Limited (NYSE:BHP) Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. trimmed its position in BHP Group Limited (NYSE:BHP) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,232 shares of the mining company’s stock after selling 320 shares during the quarter. Addenda Capital Inc.’s holdings in BHP Group were worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BHP. Hsbc Holdings PLC increased its holdings in shares of BHP Group by 49.5% in the 2nd quarter. Hsbc Holdings PLC now owns 12,762 shares of the mining company’s stock valued at $729,000 after acquiring an additional 4,228 shares during the last quarter. XTX Topco Ltd bought a new position in BHP Group during the 2nd quarter worth $381,000. AE Wealth Management LLC grew its stake in BHP Group by 13.7% during the 2nd quarter. AE Wealth Management LLC now owns 8,084 shares of the mining company’s stock worth $461,000 after buying an additional 972 shares during the last quarter. Sei Investments Co. grew its stake in BHP Group by 3.4% during the 2nd quarter. Sei Investments Co. now owns 94,442 shares of the mining company’s stock worth $5,392,000 after buying an additional 3,129 shares during the last quarter. Finally, Summit Trail Advisors LLC bought a new position in BHP Group during the 2nd quarter worth $229,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Up 1.0 %

Shares of BHP stock opened at $50.06 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $50.87 and a two-hundred day moving average of $54.17. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21.

Analyst Ratings Changes

BHP has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

About BHP Group

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.