Liberty Wealth Management LLC Trims Holdings in BHP Group PLC (NYSE:BBL)

Liberty Wealth Management LLC lessened its stake in shares of BHP Group PLC (NYSE:BBL) by 46.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558 shares of the mining company’s stock after selling 491 shares during the quarter. Liberty Wealth Management LLC’s holdings in BHP Group were worth $26,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of BHP Group during the 4th quarter worth approximately $755,000. Fisher Asset Management LLC boosted its holdings in BHP Group by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 4,815,803 shares of the mining company’s stock worth $201,734,000 after buying an additional 297,334 shares during the period. Polaris Capital Management LLC boosted its holdings in BHP Group by 8.2% in the 3rd quarter. Polaris Capital Management LLC now owns 4,648,534 shares of the mining company’s stock valued at $204,443,000 after purchasing an additional 353,046 shares during the period. Cambiar Investors LLC boosted its holdings in BHP Group by 30.2% in the 4th quarter. Cambiar Investors LLC now owns 4,541,593 shares of the mining company’s stock valued at $190,247,000 after purchasing an additional 1,053,148 shares during the period. Finally, Bank of America Corp DE boosted its holdings in BHP Group by 19.3% in the 4th quarter. Bank of America Corp DE now owns 1,690,364 shares of the mining company’s stock valued at $70,809,000 after purchasing an additional 273,014 shares during the period. 4.41% of the stock is currently owned by institutional investors.

Several brokerages have commented on BBL. Zacks Investment Research downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Monday, April 15th. UBS Group reissued a “buy” rating on shares of BHP Group in a report on Wednesday, March 27th. Societe Generale reaffirmed a “hold” rating on shares of BHP Group in a report on Thursday, March 7th. Finally, Goldman Sachs Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BHP Group currently has a consensus rating of “Hold” and an average target price of $55.00.

NYSE:BBL traded up $0.45 during trading hours on Friday, reaching $46.00. The company’s stock had a trading volume of 854,035 shares, compared to its average volume of 1,048,985. The stock has a market cap of $48.10 billion, a PE ratio of 13.69, a PEG ratio of 2.25 and a beta of 0.81. BHP Group PLC has a 1 year low of $38.04 and a 1 year high of $50.97. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43.

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BHP Group Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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

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