BHP Group Limited (NYSE:BHP) Position Lessened by First Trust Direct Indexing L.P.

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Lifestyle Asset Management Inc. raised its position in BHP Group by 9.9% during the first quarter. Lifestyle Asset Management Inc. now owns 4,352 shares of the mining company’s stock valued at $251,000 after acquiring an additional 393 shares in the last quarter. WFA Asset Management Corp bought a new stake in BHP Group in the first quarter worth $31,000. Requisite Capital Management LLC increased its position in BHP Group by 13.1% during the first quarter. Requisite Capital Management LLC now owns 14,332 shares of the mining company’s stock worth $827,000 after buying an additional 1,658 shares during the last quarter. Naviter Wealth LLC raised its holdings in BHP Group by 17.0% during the first quarter. Naviter Wealth LLC now owns 57,149 shares of the mining company’s stock valued at $3,297,000 after buying an additional 8,296 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in BHP Group during the first quarter valued at about $45,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup began coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

BHP Group Price Performance

Shares of 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 company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $57.96 and its two-hundred day moving average is $59.65.

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.