BHP Group Limited (NYSE:BHP) Shares Sold by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC cut its holdings in shares of BHP Group Limited (NYSE:BHP) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,697 shares of the mining company’s stock after selling 694 shares during the period. Petredis Investment Advisors LLC’s holdings in BHP Group were worth $3,159,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. XY Capital Ltd boosted its holdings in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. Wellington Management Group LLP boosted its holdings in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares during the last quarter. Fisher Asset Management LLC boosted its holdings 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 worth $1,362,996,000 after buying an additional 633,290 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in BHP Group in the 3rd quarter worth about $33,458,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of BHP Group by 6,281.5% during the 3rd 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 last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BHP. Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Performance

BHP stock opened at $49.88 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average price is $50.63 and its 200-day moving average price is $53.97. BHP Group Limited has a one year low of $48.06 and a one 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.