Sunbelt Securities Inc. Sells 717 Shares of BHP Group Limited (NYSE:BHP)

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

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in BHP Group by 3.0% in the third 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 last quarter. Wellington Management Group LLP boosted its stake in shares of 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 valued at $348,041,000 after purchasing an additional 642,765 shares during the last quarter. Bank of Montreal Can increased its position in shares of BHP Group by 532.2% during the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after buying an additional 1,981,008 shares during the period. FMR LLC raised its stake in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after buying an additional 129,908 shares during the last quarter. Finally, Westwood Global Investments LLC lifted its holdings in BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock valued at $69,664,000 after buying an additional 51,263 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

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

BHP Group Price Performance

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

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.