QRG Capital Management Inc. Cuts Stock Holdings in BHP Group Limited Sponsored ADR $BHP

QRG Capital Management Inc. lowered its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,272 shares of the mining company’s stock after selling 64,655 shares during the quarter. QRG Capital Management Inc.’s holdings in BHP Group were worth $6,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Evergreen Capital Management LLC increased its holdings in BHP Group by 42.6% during the third quarter. Evergreen Capital Management LLC now owns 33,915 shares of the mining company’s stock valued at $1,891,000 after buying an additional 10,138 shares during the period. Ritholtz Wealth Management boosted its position in BHP Group by 66.7% during the 3rd quarter. Ritholtz Wealth Management now owns 38,473 shares of the mining company’s stock valued at $2,145,000 after acquiring an additional 15,393 shares in the last quarter. Touchstone Capital Inc. purchased a new position in shares of BHP Group in the 3rd quarter valued at $334,000. Exencial Wealth Advisors LLC purchased a new position in shares of BHP Group in the 3rd quarter valued at $216,000. Finally, First Horizon Corp bought a new position in shares of BHP Group in the 3rd quarter worth $169,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BHP Group currently has an average rating of “Hold” and an average target price of $56.00.

BHP Group Stock Down 1.7%

BHP Group stock opened at $64.91 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $58.95 and a two-hundred day moving average of $55.78. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $66.51.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.