Wellington Management Group LLP Purchases 1,395,940 Shares of BHP Group Limited (NYSE:BHP)

Wellington Management Group LLP lifted its position in BHP Group Limited (NYSE:BHP) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,389,504 shares of the mining company’s stock after acquiring an additional 1,395,940 shares during the quarter. Wellington Management Group LLP owned 0.17% of BHP Group worth $299,847,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC purchased a new stake in shares of BHP Group in the 4th quarter worth approximately $28,000. Montag A & Associates Inc. purchased a new stake in BHP Group during the fourth quarter worth $38,000. Frazier Financial Advisors LLC bought a new stake in BHP Group during the 4th quarter valued at $42,000. Pingora Partners LLC purchased a new position in shares of BHP Group in the 4th quarter valued at $47,000. Finally, Headinvest LLC bought a new position in shares of BHP Group in the 3rd quarter worth $52,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on BHP. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup assumed coverage on shares of BHP Group in a research note on Friday, May 31st. They set a “buy” rating for the company. StockNews.com downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.00.

BHP Group Trading Down 1.0 %

NYSE:BHP opened at $56.25 on Tuesday. 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 Limited has a twelve month low of $54.28 and a twelve month high of $69.11. The company’s 50 day moving average is $58.28 and its two-hundred day moving average is $60.10.

BHP Group 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.