BHP Group Limited (NYSE:BHP) Shares Sold by XY Capital Ltd

XY Capital Ltd cut its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 86.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 holdings, 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in 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 in the last quarter. FMR LLC lifted its holdings in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 in the last quarter. Finally, Ausbil Investment Management Ltd purchased a new position in shares of BHP Group in the third quarter worth about $2,360,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BHP has been the topic of several research 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 decreased their price target on shares of 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Price Performance

BHP Group stock traded up $1.24 during midday trading on Thursday, hitting $51.90. 2,971,118 shares of the stock were exchanged, compared to its average volume of 2,425,085. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The stock's 50-day simple moving average is $49.94 and its 200 day simple moving average is $53.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

BHP Group 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.