Lyell Wealth Management LP Sells 13,921 Shares of BHP Group Limited (NYSE:BHP)

Lyell Wealth Management LP reduced its stake in BHP Group Limited (NYSE:BHP - Free Report) by 64.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,541 shares of the mining company's stock after selling 13,921 shares during the quarter. Lyell Wealth Management LP's holdings in BHP Group were worth $368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after buying an additional 109,337 shares during the last quarter. FMR LLC lifted 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 worth $89,092,000 after buying an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BHP Group by 10.1% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after purchasing an additional 22,677 shares during the period. Finally, XY Capital Ltd increased 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 valued at $57,245,000 after purchasing an additional 768,972 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on BHP. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group has a consensus rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Trading Down 1.1 %

NYSE:BHP traded down $0.59 during mid-day trading on Friday, hitting $51.52. The company had a trading volume of 1,183,749 shares, compared to its average volume of 2,412,107. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The business's fifty day moving average is $49.81 and its two-hundred day moving average is $53.16. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40.

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.