Lyell Wealth Management LP Decreases Position in BHP Group Limited (NYSE:BHP)

Lyell Wealth Management LP cut its stake in shares of BHP Group Limited (NYSE:BHP) by 64.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,541 shares of the mining company’s stock after selling 13,921 shares during the quarter. Lyell Wealth Management LP’s holdings in BHP Group were worth $368,000 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 stock. Raelipskie Partnership raised its position in BHP Group by 10.1% during the fourth quarter. Raelipskie Partnership now owns 18,577 shares of the mining company’s stock valued at $907,000 after purchasing an additional 1,700 shares during the period. Sierra Ocean LLC purchased a new stake in shares of BHP Group in the fourth quarter worth approximately $29,000. Hourglass Capital LLC raised its holdings in shares of BHP Group by 2.2% in the fourth quarter. Hourglass Capital LLC now owns 79,266 shares of the mining company’s stock worth $3,871,000 after buying an additional 1,700 shares during the period. Principal Securities Inc. raised its holdings in shares of BHP Group by 15.4% in the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock worth $381,000 after buying an additional 1,043 shares during the period. Finally, BXM Wealth LLC purchased a new stake in shares of BHP Group in the fourth quarter worth approximately $286,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BHP. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Down 1.6 %

Shares of NYSE:BHP opened at $51.10 on Thursday. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The business’s 50 day moving average is $49.81 and its 200 day moving average is $53.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.