DGS Capital Management LLC Cuts Stock Position in BHP Group Limited (NYSE:BHP)

DGS Capital Management LLC trimmed its position in shares of BHP Group Limited (NYSE:BHP) by 23.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,403 shares of the mining company’s stock after selling 3,544 shares during the quarter. DGS Capital Management LLC’s holdings in BHP Group were worth $708,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of BHP Group by 10.0% during the third 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. XY Capital Ltd lifted its holdings 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 buying an additional 768,972 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in BHP Group by 17.4% in 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. Ausbil Investment Management Ltd acquired a new position in shares of BHP Group in the third quarter worth $2,360,000. Finally, Chartwell Investment Partners LLC purchased a new stake in shares of BHP Group during the third quarter worth $9,830,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of NYSE BHP traded down $0.95 during midday trading on Friday, hitting $51.50. 411,025 shares of the company’s stock were exchanged, compared to its average volume of 2,432,331. The firm’s fifty day simple moving average is $54.98 and its 200-day simple moving average is $55.76. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. 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

Several equities analysts have recently issued reports on the company. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Company 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.