D.B. Root & Company LLC Has $214,000 Position in BHP Group Limited (NYSE:BHP)

D.B. Root & Company LLC cut its position in shares of BHP Group Limited (NYSE:BHP) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,379 shares of the mining company’s stock after selling 926 shares during the period. D.B. Root & Company LLC’s holdings in BHP Group were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BHP. XY Capital Ltd raised its stake in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares during the period. Wellington Management Group LLP increased its holdings in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after acquiring an additional 642,765 shares during the last quarter. Fisher Asset Management LLC raised its stake in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the period. Mediolanum International Funds Ltd acquired a new stake in BHP Group during the 3rd quarter valued at $33,458,000. Finally, International Assets Investment Management LLC boosted its position in BHP Group by 6,281.5% during the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock worth $276,180,000 after purchasing an additional 437,696 shares during the period. 3.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BHP shares. Jefferies Financial Group cut their target price on shares of 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 downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Up 0.9 %

BHP opened at $49.49 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 stock has a fifty day moving average of $50.68 and a 200-day moving average of $54.01. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company has a market capitalization of $125.49 billion, a P/E ratio of 11.12 and a beta of 0.95.

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.