PKO Investment Management Joint Stock Co Buys Shares of 83,308 BHP Group Limited (NYSE:BHP)

PKO Investment Management Joint Stock Co acquired a new stake in shares of BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 83,308 shares of the mining company's stock, valued at approximately $4,068,000.

A number of other large investors have also bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after buying an additional 846,963 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of BHP Group by 1,898.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BHP Group during the fourth quarter valued at approximately $25,878,000. Norges Bank bought a new stake in shares of BHP Group during the fourth quarter valued at approximately $20,574,000. Finally, Fisher Asset Management LLC boosted its position in shares of BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after purchasing an additional 280,258 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP stock traded down $0.25 during trading on Friday, reaching $49.02. The stock had a trading volume of 2,279,790 shares, compared to its average volume of 2,545,616. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The stock's 50 day moving average is $47.71 and its two-hundred day moving average is $49.44. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market cap of $124.30 billion, a PE ratio of 11.14 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BHP shares. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $53.00.

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