D.A. Davidson & CO. Sells 4,147 Shares of BHP Group Limited (NYSE:BHP)

D.A. Davidson & CO. trimmed its position in BHP Group Limited (NYSE:BHP) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,351 shares of the mining company’s stock after selling 4,147 shares during the period. D.A. Davidson & CO.’s holdings in BHP Group were worth $2,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raelipskie Partnership increased its position in BHP Group by 10.1% in the 4th quarter. Raelipskie Partnership now owns 18,577 shares of the mining company’s stock valued at $907,000 after buying an additional 1,700 shares in the last quarter. Sierra Ocean LLC bought a new stake in BHP Group during the 4th quarter worth approximately $29,000. Hourglass Capital LLC increased its holdings in BHP Group by 2.2% during the 4th quarter. Hourglass Capital LLC now owns 79,266 shares of the mining company’s stock worth $3,871,000 after purchasing an additional 1,700 shares in the last quarter. Principal Securities Inc. increased its holdings in BHP Group by 15.4% during the 4th quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock worth $381,000 after purchasing an additional 1,043 shares in the last quarter. Finally, BXM Wealth LLC bought a new stake in BHP Group during the 4th quarter worth approximately $286,000. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

BHP Group Stock Performance

Shares of NYSE BHP opened at $51.42 on Friday. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The stock’s 50 day moving average price is $49.80 and its 200-day moving average price is $53.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group 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.