BHP Group Limited (NYSE:BHP) Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. trimmed its stake in shares of BHP Group Limited (NYSE:BHP) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 112,232 shares of the mining company’s stock after selling 320 shares during the quarter. Addenda Capital Inc.’s holdings in BHP Group were worth $5,480,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Eastern Bank purchased a new stake in shares of BHP Group during the third quarter valued at $26,000. Sound Income Strategies LLC lifted its holdings in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of BHP Group during the third quarter valued at $50,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group during the fourth quarter valued at $40,000. Finally, Viking Fund Management LLC lifted its holdings 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 valued at $62,000 after purchasing an additional 420 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP stock opened at $50.06 on Tuesday. 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 1 year low of $48.06 and a 1 year high of $63.21. The company has a fifty day simple moving average of $50.87 and a 200 day simple moving average of $54.17.

Wall Street Analysts Forecast Growth

BHP has been the subject of a number of research reports. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.