Mission Wealth Management LP Purchases 830 Shares of BHP Group Limited (NYSE:BHP)

Mission Wealth Management LP increased its stake in BHP Group Limited (NYSE:BHP) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,642 shares of the mining company’s stock after purchasing an additional 830 shares during the period. Mission Wealth Management LP’s holdings in BHP Group were worth $499,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BHP. Norges Bank bought a new position in shares of BHP Group in the fourth quarter worth $191,837,000. Wellington Management Group LLP grew its position in BHP Group by 46.6% in the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after acquiring an additional 1,395,940 shares during the last quarter. Fisher Asset Management LLC grew its position in BHP Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after acquiring an additional 589,317 shares during the last quarter. International Assets Investment Management LLC grew its position in BHP Group by 6,529.2% in the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after acquiring an additional 457,760 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in BHP Group by 80.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock valued at $64,348,000 after acquiring an additional 420,550 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP stock traded down $0.05 during mid-day trading on Friday, reaching $59.49. 1,500,411 shares of the stock traded hands, compared to its average volume of 1,769,353. The stock’s fifty day simple moving average is $58.02 and its two-hundred day simple moving average is $59.60. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

Analyst Ratings Changes

A number of research firms have issued reports on BHP. Citigroup began coverage on BHP Group in a research report on Friday, May 31st. They issued a “buy” rating on the stock. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.