Atlas Capital Advisors LLC Trims Stock Position in BHP Group Limited (NYSE:BHP)

Atlas Capital Advisors LLC decreased its stake in shares of BHP Group Limited (NYSE:BHP) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 936 shares of the mining company’s stock after selling 316 shares during the period. Atlas Capital Advisors LLC’s holdings in BHP Group were worth $54,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Eagle Bay Advisors LLC purchased a new position in shares of BHP Group during the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in BHP Group in the first quarter worth $29,000. Montag A & Associates Inc. bought a new position in BHP Group in the fourth quarter worth $38,000. Frazier Financial Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at $42,000. Finally, Pingora Partners LLC bought a new stake in shares of BHP Group during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 1.0 %

BHP stock opened at $56.74 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The business has a fifty day moving average price of $57.99 and a 200-day moving average price of $59.86.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BHP. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Finally, Citigroup assumed coverage on BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and an average target price of $50.00.

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.