Pathway Financial Advisers LLC Sells 259,565 Shares of BHP Group Limited (NYSE:BHP)

Pathway Financial Advisers LLC decreased its stake in BHP Group Limited (NYSE:BHP) by 98.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,101 shares of the mining company’s stock after selling 259,565 shares during the period. Pathway Financial Advisers LLC’s holdings in BHP Group were worth $200,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. XY Capital Ltd increased its holdings in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. Wellington Management Group LLP grew its position in shares of BHP Group by 13.0% in 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 period. Fisher Asset Management LLC increased its stake in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of BHP Group in the 3rd quarter valued at about $33,458,000. Finally, International Assets Investment Management LLC raised its holdings in shares of BHP Group by 6,281.5% in the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after purchasing an additional 437,696 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP opened at $51.90 on Friday. 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 Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The firm’s 50-day simple moving average is $49.94 and its 200 day simple moving average is $53.27.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.