Lyell Wealth Management LP Lowers Holdings in BHP Group Limited (NYSE:BHP)

Lyell Wealth Management LP trimmed its holdings in BHP Group Limited (NYSE:BHP) by 64.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,541 shares of the mining company’s stock after selling 13,921 shares during the period. Lyell Wealth Management LP’s holdings in BHP Group were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BHP. Bleakley Financial Group LLC lifted its position in shares of BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BHP Group by 11.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,839 shares of the mining company’s stock valued at $673,000 after acquiring an additional 1,087 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of BHP Group by 38.2% in the third quarter. Sequoia Financial Advisors LLC now owns 38,007 shares of the mining company’s stock valued at $2,369,000 after acquiring an additional 10,507 shares in the last quarter. Eastern Bank purchased a new position in shares of BHP Group in the third quarter valued at about $26,000. Finally, Greenleaf Trust lifted its position in shares of BHP Group by 10.9% in the third quarter. Greenleaf Trust now owns 23,614 shares of the mining company’s stock valued at $1,467,000 after acquiring an additional 2,314 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of BHP stock opened at $51.10 on Thursday. The stock’s 50-day moving average price is $49.81 and its 200-day moving average price is $53.17. 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 12-month low of $48.06 and a 12-month high of $63.21.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.