Vicus Capital Sells 39,261 Shares of BHP Group Limited (NYSE:BHP)

Vicus Capital cut its stake in BHP Group Limited (NYSE:BHP - Free Report) by 14.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,692 shares of the mining company's stock after selling 39,261 shares during the period. BHP Group makes up approximately 1.1% of Vicus Capital's holdings, making the stock its 21st biggest position. Vicus Capital's holdings in BHP Group were worth $11,586,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sagespring Wealth Partners LLC raised its holdings in shares of BHP Group by 68.9% in the 1st quarter. Sagespring Wealth Partners LLC now owns 11,174 shares of the mining company's stock worth $542,000 after buying an additional 4,557 shares in the last quarter. Sowell Financial Services LLC acquired a new position in BHP Group during the 1st quarter valued at about $280,000. Viewpoint Investment Partners Corp bought a new position in BHP Group in the first quarter valued at approximately $340,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of BHP Group by 0.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,080 shares of the mining company's stock worth $3,547,000 after purchasing an additional 521 shares during the period. Finally, Willis Investment Counsel grew its position in shares of BHP Group by 1.9% during the 1st quarter. Willis Investment Counsel now owns 411,130 shares of the mining company's stock worth $19,956,000 after buying an additional 7,816 shares during the period. Institutional investors own 3.79% of the company's stock.

BHP Group Stock Up 0.7%

BHP opened at $48.90 on Tuesday. The stock has a fifty day moving average of $48.52 and a 200-day moving average of $49.25. The company has a market capitalization of $123.99 billion, a P/E ratio of 11.11 and a beta of 0.82. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

Analysts Set New Price Targets

BHP has been the subject of several recent analyst reports. Wall Street Zen downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Argus lowered BHP Group from a "buy" rating to a "hold" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

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