DAVENPORT & Co LLC Sells 6,573 Shares of BHP Group Limited (NYSE:BHP)

DAVENPORT & Co LLC decreased its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,095 shares of the mining company's stock after selling 6,573 shares during the period. DAVENPORT & Co LLC's holdings in BHP Group were worth $1,225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Caprock Group LLC increased its stake in shares of BHP Group by 7.3% in the 4th quarter. Caprock Group LLC now owns 32,553 shares of the mining company's stock valued at $1,590,000 after buying an additional 2,223 shares during the period. Baader Bank Aktiengesellschaft boosted its holdings in BHP Group by 25.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 9,785 shares of the mining company's stock valued at $477,000 after acquiring an additional 1,970 shares during the last quarter. R Squared Ltd acquired a new stake in BHP Group in the fourth quarter worth about $317,000. Union Bancaire Privee UBP SA bought a new stake in BHP Group during the 4th quarter worth about $46,000. Finally, Blue Trust Inc. lifted its position in BHP Group by 46.9% during the 4th quarter. Blue Trust Inc. now owns 22,469 shares of the mining company's stock valued at $1,097,000 after purchasing an additional 7,174 shares during the period. Institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 31st. Jefferies Financial Group lowered their target price 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. Three equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP traded up $0.47 during mid-day trading on Monday, reaching $50.82. The stock had a trading volume of 1,803,439 shares, compared to its average volume of 2,408,743. The firm has a 50 day simple moving average of $50.08 and a two-hundred day simple moving average of $53.35. BHP Group Limited has a twelve month low of $48.06 and a twelve month 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.