Castellan Group Sells 1,970 Shares of BHP Group Limited (NYSE:BHP)

Castellan Group lessened its stake in shares of BHP Group Limited (NYSE:BHP) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,515 shares of the mining company’s stock after selling 1,970 shares during the period. Castellan Group’s holdings in BHP Group were worth $1,099,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Eastern Bank acquired a new stake in shares of BHP Group during the 3rd quarter valued at $26,000. Versant Capital Management Inc acquired a new position in BHP Group in the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA bought a new position in BHP Group in the fourth quarter valued at about $46,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of BHP Group during the third quarter valued at about $50,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group during the fourth quarter worth about $54,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. 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 research report on Monday, January 6th. Three 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’s stock. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Trading Up 1.0 %

Shares of BHP stock opened at $50.69 on Thursday. The stock has a 50-day moving average of $49.98 and a 200-day moving average of $53.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21.

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.