BHP Group Limited (NYSE:BHP) Shares Sold by Summit Global Investments

Summit Global Investments trimmed its position in BHP Group Limited (NYSE:BHP) by 80.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,881 shares of the mining company’s stock after selling 69,466 shares during the quarter. Summit Global Investments’ holdings in BHP Group were worth $819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BHP. Sierra Ocean LLC acquired a new position in BHP Group in the 4th quarter valued at about $29,000. Union Bancaire Privee UBP SA acquired a new position in BHP Group in the 4th quarter valued at about $46,000. Allianz SE acquired a new position in BHP Group in the 4th quarter valued at about $51,000. Headlands Technologies LLC acquired a new position in BHP Group in the 4th quarter valued at about $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in BHP Group in the 4th quarter valued at about $54,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on BHP. Wall Street Zen lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Sanford C. Bernstein lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of BHP stock opened at $49.02 on Friday. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21. The firm’s 50 day moving average price is $47.71 and its 200-day moving average price is $49.48. The firm has a market cap of $124.30 billion, a P/E ratio of 11.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

About BHP Group

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.