BHP Group Limited (NYSE:BHP) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC lessened its holdings in BHP Group Limited (NYSE:BHP) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,716 shares of the mining company’s stock after selling 250 shares during the period. RNC Capital Management LLC’s holdings in BHP Group were worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Redwood Wealth Management Group LLC lifted its stake in shares of BHP Group by 6.7% in the 4th quarter. Redwood Wealth Management Group LLC now owns 5,324 shares of the mining company’s stock valued at $260,000 after purchasing an additional 335 shares during the last quarter. Burford Brothers Inc. lifted its stake in BHP Group by 3.6% during the 4th quarter. Burford Brothers Inc. now owns 9,926 shares of the mining company’s stock worth $485,000 after acquiring an additional 341 shares in the last quarter. Caprock Group LLC lifted its stake in BHP Group by 7.3% during the 4th quarter. Caprock Group LLC now owns 32,553 shares of the mining company’s stock worth $1,590,000 after acquiring an additional 2,223 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in BHP Group by 25.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 9,785 shares of the mining company’s stock worth $477,000 after acquiring an additional 1,970 shares in the last quarter. Finally, R Squared Ltd acquired a new position in BHP Group during the 4th quarter worth about $317,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 1.3 %

BHP stock opened at $50.70 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. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The business’s 50-day moving average is $50.15 and its two-hundred day moving average is $53.43.

Analyst Ratings Changes

Several research firms recently issued reports on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group decreased their target price 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. Three 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.00.

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.