BHP Group Limited (NYSE:BHP) Stock Holdings Lessened by Highland Capital Management LLC

Highland Capital Management LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 3.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,413 shares of the mining company’s stock after selling 900 shares during the quarter. Highland Capital Management LLC’s holdings in BHP Group were worth $1,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after acquiring an additional 633,290 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of BHP Group by 13.0% in the third 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 period. FMR LLC raised its holdings in shares of BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the last quarter. XY Capital Ltd boosted its position in shares of BHP Group by 503.6% during the third 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 period. Finally, JPMorgan Chase & Co. grew its holdings in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after buying an additional 55,095 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent analyst reports. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group cut their price objective on shares of 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP opened at $49.75 on Friday. The stock’s 50 day moving average price is $50.39 and its 200 day moving average price is $53.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The stock has a market cap of $126.14 billion, a price-to-earnings ratio of 11.15 and a beta of 0.95. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

BHP Group Company 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.