BHP Group Limited (NYSE:BHP) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. trimmed its stake in BHP Group Limited (NYSE:BHP) by 10.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,626 shares of the mining company’s stock after selling 3,630 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in BHP Group were worth $1,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in BHP Group by 6,529.2% in the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after purchasing an additional 457,760 shares during the last quarter. Shorepath Capital Management LLC purchased a new position in shares of BHP Group during the 4th quarter worth about $4,354,000. Moran Wealth Management LLC boosted its position in shares of BHP Group by 10.3% in the fourth quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock worth $30,717,000 after acquiring an additional 42,021 shares during the last quarter. Addenda Capital Inc. grew its holdings in BHP Group by 27.1% in the first quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after purchasing an additional 23,968 shares during the period. Finally, XY Capital Ltd increased its position in BHP Group by 422.1% during the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after purchasing an additional 103,134 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of a number of research analyst reports. Citigroup began coverage on shares of BHP Group in a report on Friday, May 31st. They issued a “buy” rating on the stock. Barclays restated an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, BHP Group presently has an average rating of “Hold” and an average price target of $50.00.

BHP Group Price Performance

NYSE:BHP opened at $59.54 on Friday. BHP Group Limited has a 12 month low of $54.28 and a 12 month high of $69.11. The business’s 50-day moving average is $57.96 and its two-hundred day moving average is $59.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.