Pacific Heights Asset Management LLC Buys 50,000 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Pacific Heights Asset Management LLC boosted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 20.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 300,000 shares of the mining company's stock after acquiring an additional 50,000 shares during the period. Pacific Heights Asset Management LLC's holdings in BHP Group were worth $14,562,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Cohen Investment Advisors LLC grew its holdings in BHP Group by 12.3% during the 1st quarter. Cohen Investment Advisors LLC now owns 56,114 shares of the mining company's stock worth $2,724,000 after acquiring an additional 6,166 shares during the period. North Capital Inc. bought a new position in shares of BHP Group during the first quarter worth $130,000. Mutual Advisors LLC boosted its position in shares of BHP Group by 24.7% during the first quarter. Mutual Advisors LLC now owns 6,879 shares of the mining company's stock worth $332,000 after purchasing an additional 1,362 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of BHP Group by 5.6% during the first quarter. Aaron Wealth Advisors LLC now owns 13,993 shares of the mining company's stock worth $679,000 after purchasing an additional 747 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of BHP Group by 2.8% during the first quarter. Keybank National Association OH now owns 28,757 shares of the mining company's stock worth $1,396,000 after purchasing an additional 788 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Stock Down 2.1%

BHP traded down $1.07 during trading on Monday, hitting $49.45. The company had a trading volume of 3,536,981 shares, compared to its average volume of 2,651,279. The company has a market capitalization of $125.39 billion, a PE ratio of 11.24 and a beta of 0.80. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The firm's 50-day moving average price is $49.04 and its 200 day moving average price is $48.88. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

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.