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

D.B. Root & Company LLC trimmed its stake in shares of BHP Group Limited (NYSE:BHP) by 17.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,379 shares of the mining company’s stock after selling 926 shares during the quarter. D.B. Root & Company LLC’s holdings in BHP Group were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BHP. Hsbc Holdings PLC increased its holdings in BHP Group by 49.5% in the 2nd quarter. Hsbc Holdings PLC now owns 12,762 shares of the mining company’s stock valued at $729,000 after buying an additional 4,228 shares during the period. XTX Topco Ltd acquired a new stake in shares of BHP Group during the 2nd quarter worth approximately $381,000. AE Wealth Management LLC increased its stake in BHP Group by 13.7% in the second quarter. AE Wealth Management LLC now owns 8,084 shares of the mining company’s stock valued at $461,000 after acquiring an additional 972 shares during the last quarter. Sei Investments Co. raised its position in BHP Group by 3.4% during the second quarter. Sei Investments Co. now owns 94,442 shares of the mining company’s stock valued at $5,392,000 after purchasing an additional 3,129 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in BHP Group by 1.4% during the second quarter. 1832 Asset Management L.P. now owns 20,900 shares of the mining company’s stock worth $1,193,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 0.9 %

Shares of NYSE: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. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a market capitalization of $125.49 billion, a PE ratio of 11.12 and a beta of 0.95. The company has a fifty day moving average of $50.68 and a 200-day moving average of $54.01.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BHP shares. Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Profile

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.