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

Pacific Heights Asset Management LLC boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 20.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the mining company's stock after acquiring an additional 50,000 shares during the quarter. Pacific Heights Asset Management LLC's holdings in BHP Group were worth $14,562,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. WFA Asset Management Corp bought a new stake in shares of BHP Group in the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in BHP Group during the 1st quarter valued at $27,000. Compagnie Lombard Odier SCmA bought a new stake in BHP Group in the first quarter worth $32,000. Allianz SE bought a new stake in BHP Group in the fourth quarter worth $51,000. Finally, Headlands Technologies LLC purchased a new position in BHP Group during the fourth quarter worth $53,000. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 0.6%

Shares of BHP traded down $0.31 during mid-day trading on Friday, reaching $50.42. 4,181,019 shares of the company's stock traded hands, compared to its average volume of 2,643,133. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock's 50-day moving average is $49.00 and its two-hundred day moving average is $48.89. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21. The stock has a market cap of $127.85 billion, a P/E ratio of 11.46 and a beta of 0.80.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BHP. 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. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.