D.A. Davidson & CO. Has $2.21 Million Position in BHP Group Limited (NYSE:BHP)

D.A. Davidson & CO. cut its stake in shares of BHP Group Limited (NYSE:BHP) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,351 shares of the mining company’s stock after selling 4,147 shares during the quarter. D.A. Davidson & CO.’s holdings in BHP Group were worth $2,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BHP. Eastern Bank acquired a new position in BHP Group during the 3rd quarter worth about $26,000. Sierra Ocean LLC acquired a new position in BHP Group during the 4th quarter worth about $29,000. Versant Capital Management Inc acquired a new position in BHP Group during the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new position in BHP Group during the 4th quarter worth about $46,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in BHP Group during the 3rd quarter worth about $50,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

BHP Group Stock Down 1.3 %

BHP stock opened at $51.42 on Friday. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The stock has a 50-day moving average price of $49.80 and a 200-day moving average price of $53.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.29.

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.