BHP Group Limited (NYSE:BHP) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in BHP Group Limited (NYSE:BHP) by 50.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,000 shares of the mining company’s stock after selling 1,000 shares during the period. Nisa Investment Advisors LLC’s holdings in BHP Group were worth $49,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of BHP Group in the third quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares during the period. Versant Capital Management Inc acquired a new position in BHP Group in the 4th quarter valued at about $40,000. Farmers & Merchants Investments Inc. purchased a new stake in BHP Group during the third quarter worth about $50,000. Finally, Viking Fund Management LLC lifted its position in shares of BHP Group by 72.4% during the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock worth $62,000 after purchasing an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 1.3 %

Shares of BHP Group stock opened at $49.12 on Friday. The business has a 50-day simple moving average of $50.35 and a 200-day simple moving average of $53.66. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

Analyst Ratings Changes

A number of brokerages recently weighed in on BHP. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Jefferies Financial Group dropped their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, BHP Group has a consensus 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.