Pacifica Partners Inc. Sells 332 Shares of BHP Group Limited (NYSE:BHP)

Pacifica Partners Inc. cut its stake in shares of BHP Group Limited (NYSE:BHP) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,744 shares of the mining company’s stock after selling 332 shares during the quarter. Pacifica Partners Inc.’s holdings in BHP Group were worth $360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BHP. Barclays PLC increased its holdings in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after buying an additional 109,337 shares in the last quarter. Principal Securities Inc. raised its stake in shares of BHP Group by 15.4% in the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock worth $381,000 after buying an additional 1,043 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in BHP Group by 15.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company’s stock valued at $702,000 after purchasing an additional 1,959 shares in the last quarter. Rhumbline Advisers boosted its holdings in BHP Group by 3.4% in the 4th quarter. Rhumbline Advisers now owns 18,846 shares of the mining company’s stock worth $920,000 after buying an additional 628 shares during the period. Finally, Pacific Heights Asset Management LLC grew its position in shares of BHP Group by 56.3% during the fourth quarter. Pacific Heights Asset Management LLC now owns 250,000 shares of the mining company’s stock worth $12,208,000 after purchasing an additional 90,000 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

BHP opened at $49.02 on Friday. The business has a fifty day moving average of $47.71 and a 200 day moving average of $49.48. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market cap of $124.30 billion, a P/E ratio of 11.14 and a beta of 0.86.

Wall Street Analyst Weigh In

BHP has been the subject of several research analyst reports. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Wall Street Zen cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Buy” and an average price target of $53.00.

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.