BHP Group Limited (NYSE:BHP) Shares Purchased by Addenda Capital Inc.

Addenda Capital Inc. increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 27.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,562 shares of the mining company’s stock after acquiring an additional 23,968 shares during the period. Addenda Capital Inc.’s holdings in BHP Group were worth $6,494,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BHP. Fisher Asset Management LLC lifted its stake in BHP Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after buying an additional 589,317 shares in the last quarter. Morgan Stanley lifted its stake in BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after buying an additional 126,643 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in BHP Group by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company’s stock valued at $302,625,000 after buying an additional 168,875 shares in the last quarter. Wellington Management Group LLP lifted its stake in BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after buying an additional 1,395,940 shares in the last quarter. Finally, Norges Bank purchased a new position in BHP Group in the 4th quarter valued at about $191,837,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

NYSE:BHP opened at $57.08 on Friday. The company has a fifty day simple moving average of $57.94 and a two-hundred day simple moving average of $59.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group Limited has a 52 week low of $54.28 and a 52 week high of $69.11.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BHP shares. Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup started coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Finally, Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.00.

BHP Group Company 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.