BHP Group Limited (NYSE:BHP) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors cut its stake in shares of BHP Group Limited (NYSE:BHP) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,959 shares of the mining company’s stock after selling 1,676 shares during the quarter. Arkadios Wealth Advisors’ holdings in BHP Group were worth $584,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bleakley Financial Group LLC grew its position in BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after buying an additional 203 shares during the period. Huntington National Bank grew its holdings in shares of BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after acquiring an additional 203 shares during the period. Essex Savings Bank raised its holdings in BHP Group by 3.0% during the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after purchasing an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. raised its holdings in BHP Group by 2.8% during the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock worth $506,000 after purchasing an additional 225 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group cut their price target on 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 shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three equities 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 stock. Based on data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

NYSE BHP opened at $50.17 on Wednesday. The business has a fifty day moving average of $50.80 and a 200-day moving average of $54.11. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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.