U.S. Capital Wealth Advisors LLC Lowers Stake in BHP Group Limited (NYSE:BHP)

U.S. Capital Wealth Advisors LLC reduced its position in BHP Group Limited (NYSE:BHP) by 55.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,170 shares of the mining company’s stock after selling 51,881 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in BHP Group were worth $2,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after buying an additional 109,337 shares during the period. FMR LLC grew its stake in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the period. JPMorgan Chase & Co. grew its stake in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $9,513,000 after buying an additional 22,677 shares during the period. Finally, XY Capital Ltd grew its position in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after acquiring an additional 768,972 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Price Performance

BHP Group stock opened at $48.82 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The firm’s 50-day moving average is $50.28 and its 200-day moving average is $53.54.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BHP. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Jefferies Financial Group decreased their price objective 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 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.