Viewpoint Investment Partners Corp Purchases New Shares in BHP Group Limited (NYSE:BHP)

Viewpoint Investment Partners Corp purchased a new position in shares of BHP Group Limited (NYSE:BHP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,995 shares of the mining company's stock, valued at approximately $340,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in BHP Group by 58.5% in the 4th 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 last quarter. Balyasny Asset Management L.P. lifted its holdings in BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BHP Group in the 4th quarter valued at $25,878,000. Norges Bank acquired a new position in BHP Group in the 4th quarter valued at $20,574,000. Finally, Fisher Asset Management LLC increased its position in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after buying an additional 280,258 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 2.3%

Shares of NYSE:BHP traded down $1.14 during midday trading on Tuesday, hitting $47.76. 3,785,781 shares of the stock were exchanged, compared to its average volume of 2,843,535. The business's 50-day moving average price is $48.52 and its 200 day moving average price is $49.25. The stock has a market capitalization of $121.11 billion, a price-to-earnings ratio of 10.85 and a beta of 0.82. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Wall Street Zen cut BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Three research 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 stock. According to MarketBeat.com, BHP Group presently has an average rating of "Moderate Buy" and an average price target of $53.00.

About BHP Group

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.