Pathstone Holdings LLC Has $2.79 Million Stake in BHP Group Limited (NYSE:BHP)

Pathstone Holdings LLC lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 22.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 44,844 shares of the mining company’s stock after selling 13,229 shares during the period. Pathstone Holdings LLC’s holdings in BHP Group were worth $2,788,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle West Asset Management Inc. lifted its position in shares of BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after acquiring an additional 200 shares during the period. Sequoia Financial Advisors LLC boosted its stake in BHP Group by 0.7% during the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after buying an additional 202 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after buying an additional 203 shares in the last quarter. Huntington National Bank lifted its holdings in shares of BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after acquiring an additional 203 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of BHP Group by 1.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock valued at $1,097,000 after acquiring an additional 208 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of BHP opened at $52.47 on Tuesday. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The business’s 50 day simple moving average is $56.44 and its 200-day simple moving average is $56.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

Wall Street Analyst Weigh In

A number of research analysts have commented on BHP shares. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.