Sunbelt Securities Inc. Has $193,000 Stock Position in BHP Group Limited (NYSE:BHP)

Sunbelt Securities Inc. lessened its holdings in BHP Group Limited (NYSE:BHP) by 18.7% during the third quarter, HoldingsChannel reports. The fund owned 3,113 shares of the mining company’s stock after selling 717 shares during the quarter. Sunbelt Securities Inc.’s holdings in BHP Group were worth $193,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BHP. Asset Dedication LLC lifted its holdings in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank bought a new position in BHP Group during the 3rd quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group in the 2nd quarter worth $27,000. Sound Income Strategies LLC grew its stake in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of BHP Group by 1,187.0% in the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock valued at $34,000 after purchasing an additional 546 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Down 1.5 %

Shares of BHP stock opened at $51.67 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50 day moving average of $54.80 and a 200-day moving average of $55.68. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BHP. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.