BHP Group Limited (NYSE:BHP) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its holdings in BHP Group Limited (NYSE:BHP) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,353 shares of the mining company’s stock after selling 2,442 shares during the period. PNC Financial Services Group Inc.’s holdings in BHP Group were worth $5,147,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BHP. Eagle Bay Advisors LLC acquired a new stake in shares of BHP Group during the 4th quarter valued at approximately $28,000. Montag A & Associates Inc. bought a new position in BHP Group during the 4th quarter worth $38,000. Frazier Financial Advisors LLC bought a new position in BHP Group during the 4th quarter worth $42,000. Pingora Partners LLC bought a new position in BHP Group during the 4th quarter worth $47,000. Finally, Headinvest LLC bought a new position in BHP Group during the 3rd quarter worth $52,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup assumed coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Finally, StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $56.66 on Wednesday. BHP Group Limited has a 12 month low of $54.28 and a 12 month high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $58.20 and a 200-day simple moving average of $60.06.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.