Radnor Capital Management LLC Makes New Investment in BHP Group Limited (NYSE:BHP)

Radnor Capital Management LLC bought a new position in BHP Group Limited (NYSE:BHP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,600 shares of the mining company's stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Bank of Montreal Can lifted its stake in shares of BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. XY Capital Ltd boosted its stake in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after acquiring an additional 768,972 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock valued at $348,041,000 after acquiring an additional 642,765 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after acquiring an additional 633,290 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in BHP Group in the 3rd quarter worth approximately $33,458,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BHP has been the topic of several analyst reports. StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a report on Friday, January 10th. Argus upgraded shares of BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group decreased their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Price Performance

Shares of BHP Group stock traded down $0.24 during midday trading on Thursday, hitting $49.57. The company had a trading volume of 4,144,582 shares, compared to its average volume of 2,491,547. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The business's 50 day simple moving average is $51.13 and its two-hundred day simple moving average is $54.32. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

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.