Royal Bank of Canada Sells 58,379 Shares of BHP Group Limited (NYSE:BHP)

Royal Bank of Canada lowered its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,118,221 shares of the mining company's stock after selling 58,379 shares during the quarter. Royal Bank of Canada's holdings in BHP Group were worth $54,604,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BHP. Barclays PLC raised its stake in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after purchasing an additional 109,337 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of BHP Group by 85.3% during the fourth quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company's stock worth $675,000 after purchasing an additional 6,359 shares during the period. Blue Trust Inc. raised its position in shares of BHP Group by 46.9% in the fourth quarter. Blue Trust Inc. now owns 22,469 shares of the mining company's stock valued at $1,097,000 after buying an additional 7,174 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of BHP Group by 15.4% in the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company's stock valued at $381,000 after buying an additional 1,043 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of BHP Group by 8.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 166,840 shares of the mining company's stock valued at $8,147,000 after buying an additional 12,566 shares during the period. Institutional investors own 3.79% of the company's stock.

BHP Group Price Performance

BHP Group stock opened at $49.35 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The stock has a market capitalization of $125.15 billion, a P/E ratio of 11.22 and a beta of 0.86. The stock has a fifty day moving average of $47.76 and a 200-day moving average of $49.77.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.00.

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.

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