Shorepath Capital Management LLC Sells 562 Shares of BHP Group Limited (NYSE:BHP)

Shorepath Capital Management LLC reduced its holdings in BHP Group Limited (NYSE:BHP) by 0.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,181 shares of the mining company’s stock after selling 562 shares during the period. BHP Group makes up 2.9% of Shorepath Capital Management LLC’s portfolio, making the stock its 18th largest holding. Shorepath Capital Management LLC’s holdings in BHP Group were worth $3,645,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BHP. Strong Tower Advisory Services lifted its holdings in shares of BHP Group by 19.5% in the 1st quarter. Strong Tower Advisory Services now owns 18,699 shares of the mining company’s stock worth $1,091,000 after acquiring an additional 3,050 shares during the last quarter. Strategic Planning Group LLC lifted its stake in shares of BHP Group by 14.1% during the 1st quarter. Strategic Planning Group LLC now owns 18,687 shares of the mining company’s stock worth $1,078,000 after acquiring an additional 2,306 shares during the last quarter. Range Financial Group LLC boosted its holdings in BHP Group by 302.6% during the 1st quarter. Range Financial Group LLC now owns 34,166 shares of the mining company’s stock valued at $1,971,000 after acquiring an additional 25,680 shares during the period. Ballentine Partners LLC grew its position in BHP Group by 2.6% in the 1st quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock valued at $474,000 after acquiring an additional 205 shares during the last quarter. Finally, Royal Fund Management LLC lifted its position in shares of BHP Group by 4.6% during the first quarter. Royal Fund Management LLC now owns 19,173 shares of the mining company’s stock worth $1,106,000 after purchasing an additional 850 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 0.4 %

BHP traded up $0.21 on Wednesday, hitting $57.18. The company had a trading volume of 847,067 shares, compared to its average volume of 2,489,846. The stock has a fifty day moving average price of $58.01 and a 200-day moving average price of $59.88. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup began coverage on BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.