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

RNC Capital Management LLC decreased its position in shares of BHP Group Limited (NYSE:BHP) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC increased its position in BHP Group by 6.7% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,324 shares of the mining company’s stock worth $260,000 after buying an additional 335 shares during the period. Burford Brothers Inc. increased its position in BHP Group by 3.6% during the fourth quarter. Burford Brothers Inc. now owns 9,926 shares of the mining company’s stock worth $485,000 after buying an additional 341 shares during the period. Caprock Group LLC increased its position in BHP Group by 7.3% during the fourth quarter. Caprock Group LLC now owns 32,553 shares of the mining company’s stock worth $1,590,000 after buying an additional 2,223 shares during the period. Baader Bank Aktiengesellschaft grew its stake in shares of BHP Group by 25.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 9,785 shares of the mining company’s stock valued at $477,000 after purchasing an additional 1,970 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of BHP Group in the 4th quarter valued at approximately $317,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

BHP Group stock opened at $50.70 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The stock’s 50 day moving average price is $50.15 and its 200 day moving average price is $53.43.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BHP. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group lowered 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 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

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.