Oppenheimer & Co. Inc. Reduces Position in BHP Group Limited (NYSE:BHP)

Oppenheimer & Co. Inc. cut its stake in shares of BHP Group Limited (NYSE:BHPFree Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,040 shares of the mining company’s stock after selling 1,163 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BHP Group were worth $1,506,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at $28,000. Montag A & Associates Inc. purchased a new stake in shares of BHP Group during the fourth quarter valued at $38,000. Frazier Financial Advisors LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at $42,000. Pingora Partners LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at $47,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of BHP Group by 22.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after buying an additional 165 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BHP shares. Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup started coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating for the company. Finally, StockNews.com downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, BHP Group currently has an average rating of “Hold” and a consensus target price of $50.00.

Get Our Latest Analysis on BHP

BHP Group Trading Down 2.5 %

Shares of BHP Group stock opened at $58.19 on Monday. The firm has a 50-day simple moving average of $58.44 and a two-hundred day simple moving average of $60.28. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

About BHP Group

(Free Report)

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.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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