BHP Group Limited (NYSE:BHP) Shares Sold by Optimist Retirement Group LLC

Optimist Retirement Group LLC reduced its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 62.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,523 shares of the mining company's stock after selling 24,300 shares during the period. Optimist Retirement Group LLC's holdings in BHP Group were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BHP. AQR Capital Management LLC raised its stake in BHP Group by 269.6% in the 2nd quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company's stock valued at $1,619,000 after purchasing an additional 20,685 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of BHP Group by 2.1% during the second quarter. Cetera Investment Advisers now owns 55,676 shares of the mining company's stock worth $3,179,000 after buying an additional 1,137 shares in the last quarter. Wedmont Private Capital raised its position in shares of BHP Group by 7.9% in the third quarter. Wedmont Private Capital now owns 6,624 shares of the mining company's stock valued at $403,000 after buying an additional 484 shares during the last quarter. Strong Tower Advisory Services lifted its stake in shares of BHP Group by 30.1% in the third quarter. Strong Tower Advisory Services now owns 30,720 shares of the mining company's stock worth $1,908,000 after buying an additional 7,101 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in BHP Group by 10.7% during the third quarter. Valeo Financial Advisors LLC now owns 7,439 shares of the mining company's stock worth $462,000 after acquiring an additional 719 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group cut their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BHP Group presently has a consensus rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Price Performance

NYSE:BHP traded down $0.34 on Friday, hitting $50.36. The stock had a trading volume of 2,115,740 shares, compared to its average volume of 2,318,036. The company has a fifty day moving average price of $50.08 and a two-hundred day moving average price of $53.36. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

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.