Pathway Financial Advisers LLC Makes New $264,000 Investment in BHP Group Limited (NYSE:BHP)

Pathway Financial Advisers LLC bought a new position in shares of BHP Group Limited (NYSE:BHP) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,581 shares of the mining company’s stock, valued at approximately $264,000.

Several other hedge funds also recently modified their holdings of BHP. Venturi Wealth Management LLC raised its stake in BHP Group by 26.1% during the fourth quarter. Venturi Wealth Management LLC now owns 7,507 shares of the mining company’s stock worth $513,000 after acquiring an additional 1,556 shares in the last quarter. Ballentine Partners LLC raised its stake in BHP Group by 97.6% during the fourth quarter. Ballentine Partners LLC now owns 8,007 shares of the mining company’s stock worth $547,000 after acquiring an additional 3,955 shares in the last quarter. Breakwater Capital Group raised its stake in BHP Group by 10.1% during the fourth quarter. Breakwater Capital Group now owns 9,309 shares of the mining company’s stock worth $636,000 after acquiring an additional 853 shares in the last quarter. XY Capital Ltd raised its stake in BHP Group by 422.1% during the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after acquiring an additional 103,134 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after acquiring an additional 457,760 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of NYSE:BHP traded down $0.25 during trading on Friday, hitting $54.01. 2,996,408 shares of the company were exchanged, compared to its average volume of 2,163,648. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. BHP Group Limited has a fifty-two week low of $53.47 and a fifty-two week high of $69.11. The firm has a fifty day moving average price of $57.31 and a two-hundred day moving average price of $58.17.

Analyst Ratings Changes

Several brokerages have recently commented on BHP. Citigroup began coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Barclays reiterated an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.00.

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.