Pathstone Holdings LLC Reduces Stock Position in BHP Group Limited (NYSE:BHP)

Pathstone Holdings LLC lowered its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,844 shares of the mining company's stock after selling 13,229 shares during the period. Pathstone Holdings LLC's holdings in BHP Group were worth $2,788,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pinnacle West Asset Management Inc. increased its stake in BHP Group by 2.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company's stock valued at $452,000 after purchasing an additional 200 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of BHP Group by 0.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company's stock valued at $1,570,000 after acquiring an additional 202 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company's stock valued at $317,000 after buying an additional 203 shares in the last quarter. Huntington National Bank grew its position in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock valued at $85,000 after purchasing an additional 203 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC increased its stake in BHP Group by 1.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company's stock valued at $1,097,000 after acquiring an additional 208 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Argus upgraded BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Jefferies Financial Group downgraded shares of BHP Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Three equities 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

BHP Group Stock Performance

NYSE:BHP traded down $1.27 during trading hours on Tuesday, hitting $51.19. The stock had a trading volume of 2,276,190 shares, compared to its average volume of 2,458,255. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company has a 50 day simple moving average of $56.44 and a two-hundred day simple moving average of $56.34. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11.

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.