Van ECK Associates Corp Cuts Stake in BHP Group Limited (NYSE:BHP)

Van ECK Associates Corp reduced its stake in shares of BHP Group Limited (NYSE:BHP) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,764 shares of the mining company’s stock after selling 2,110 shares during the period. Van ECK Associates Corp’s holdings in BHP Group were worth $4,481,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BHP. Barclays PLC increased its position in BHP Group by 93.7% during 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. FMR LLC increased its position in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. increased its position in BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after purchasing an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd increased its position in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $51.93 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a 50 day moving average of $49.89 and a two-hundred day moving average of $53.19.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.