Shorepath Capital Management LLC Makes New Investment in BHP Group Limited (NYSE:BHP)

Shorepath Capital Management LLC bought a new stake in BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 63,743 shares of the mining company’s stock, valued at approximately $4,354,000. BHP Group makes up 3.9% of Shorepath Capital Management LLC’s investment portfolio, making the stock its 13th biggest position.

Other large investors have also modified their holdings of the company. Blair William & Co. IL bought a new position in BHP Group during the third quarter worth $654,000. Fiera Capital Corp bought a new position in shares of BHP Group in the 3rd quarter worth about $214,000. PNC Financial Services Group Inc. boosted its holdings in shares of BHP Group by 2.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 77,795 shares of the mining company’s stock valued at $4,425,000 after buying an additional 2,107 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of BHP Group during the 3rd quarter valued at about $1,091,000. Finally, FCA Corp TX acquired a new stake in BHP Group during the third quarter worth about $363,000. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BHP shares. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Citigroup started coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.00.

BHP Group Trading Down 0.9 %

Shares of BHP traded down $0.52 during trading hours on Friday, reaching $56.83. 2,218,491 shares of the company’s stock traded hands, compared to its average volume of 2,301,506. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11. The business’s fifty day simple moving average is $58.34 and its two-hundred day simple moving average is $60.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

BHP Group Company 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.