Requisite Capital Management LLC Sells 4,477 Shares of BHP Group Limited (NYSE:BHP)

Requisite Capital Management LLC cut its holdings in shares of BHP Group Limited (NYSE:BHP) by 39.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,962 shares of the mining company’s stock after selling 4,477 shares during the period. Requisite Capital Management LLC’s holdings in BHP Group were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BHP. XY Capital Ltd raised its position in shares of BHP Group by 503.6% during the third 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 during the period. Wellington Management Group LLP raised its holdings in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares during the period. Fisher Asset Management LLC lifted its stake in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of BHP Group in the third quarter valued at approximately $33,458,000. Finally, International Assets Investment Management LLC increased its position in shares of BHP Group by 6,281.5% during the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock worth $276,180,000 after acquiring an additional 437,696 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BHP. Jefferies Financial Group reduced 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 note on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Price Performance

Shares of BHP stock opened at $49.88 on Friday. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $50.59 and its two-hundred day moving average price is $53.92.

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.