BHP Group Limited (NYSE:BHP) Stake Reduced by Tidal Investments LLC

Tidal Investments LLC lessened its stake in BHP Group Limited (NYSE:BHP - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,898 shares of the mining company's stock after selling 12,557 shares during the period. Tidal Investments LLC's holdings in BHP Group were worth $6,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC raised its holdings in BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after buying an additional 109,337 shares during the last quarter. Park Avenue Securities LLC grew its position in BHP Group by 11.2% during the fourth quarter. Park Avenue Securities LLC now owns 18,080 shares of the mining company's stock valued at $883,000 after buying an additional 1,824 shares during the period. Brooklyn Investment Group lifted its holdings in BHP Group by 743.8% during the fourth quarter. Brooklyn Investment Group now owns 1,966 shares of the mining company's stock valued at $96,000 after purchasing an additional 1,733 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of BHP Group by 20.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 13,246 shares of the mining company's stock worth $647,000 after buying an additional 2,217 shares in the last quarter. Finally, Strong Tower Advisory Services lifted its holdings in shares of BHP Group by 8.5% in the fourth quarter. Strong Tower Advisory Services now owns 33,321 shares of the mining company's stock worth $1,627,000 after buying an additional 2,601 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Performance

NYSE:BHP traded down $0.21 during midday trading on Thursday, reaching $49.13. The stock had a trading volume of 2,002,956 shares, compared to its average volume of 2,546,515. The firm has a fifty day simple moving average of $47.74 and a two-hundred day simple moving average of $49.72. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market cap of $124.58 billion, a P/E ratio of 11.17 and a beta of 0.86.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

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.