DGS Capital Management LLC Trims Stock Position in BHP Group Limited (NYSE:BHP)

DGS Capital Management LLC decreased its position in shares of BHP Group Limited (NYSE:BHP) by 23.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,403 shares of the mining company’s stock after selling 3,544 shares during the quarter. DGS Capital Management LLC’s holdings in BHP Group were worth $708,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank purchased a new position in BHP Group during the 3rd quarter worth approximately $26,000. Asset Dedication LLC boosted its holdings in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group during the second quarter worth approximately $27,000. Sound Income Strategies LLC increased its holdings in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares during the period. Finally, Addison Advisors LLC raised its position in BHP Group by 1,187.0% in the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock valued at $34,000 after purchasing an additional 546 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP Group stock traded down $0.95 on Friday, reaching $51.50. 411,025 shares of the stock were exchanged, compared to its average volume of 2,432,331. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The business has a fifty day moving average price of $54.98 and a two-hundred day moving average price of $55.76. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

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

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.