XY Capital Ltd Cuts Stock Position in BHP Group Limited (NYSE:BHP)

XY Capital Ltd lessened its position in BHP Group Limited (NYSE:BHP) by 86.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,742 shares of the mining company’s stock after selling 797,924 shares during the period. BHP Group accounts for 2.9% of XY Capital Ltd’s investment portfolio, making the stock its 3rd biggest position. XY Capital Ltd’s holdings in BHP Group were worth $6,042,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Wedmont Private Capital raised its stake in BHP Group by 7.9% in the third quarter. Wedmont Private Capital now owns 6,624 shares of the mining company’s stock worth $403,000 after buying an additional 484 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of BHP Group by 10.7% during the third quarter. Valeo Financial Advisors LLC now owns 7,439 shares of the mining company’s stock valued at $462,000 after purchasing an additional 719 shares in the last quarter. Sound Income Strategies LLC raised its holdings in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Viking Fund Management LLC lifted its position in BHP Group by 72.4% during the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock valued at $62,000 after buying an additional 420 shares during the period. Finally, Willis Investment Counsel grew its position in shares of BHP Group by 0.3% in the 3rd quarter. Willis Investment Counsel now owns 412,446 shares of the mining company’s stock worth $25,617,000 after buying an additional 1,275 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHP has been the subject of a number of analyst reports. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Trading Down 0.7 %

Shares of BHP stock opened at $50.36 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The firm’s 50 day moving average is $50.08 and its 200 day moving average is $53.36. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21.

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.