Connor Clark & Lunn Investment Management Ltd. Purchases 35,034 Shares of BHP Group Limited (NYSE:BHP)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of BHP Group Limited (NYSE:BHP – Free Report) by 105.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,294 shares of the mining company’s stock after purchasing an additional 35,034 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in BHP Group were worth $4,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fairfield Bush & CO. boosted its position in shares of BHP Group by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 19,463 shares of the mining company’s stock worth $1,504,000 after purchasing an additional 211 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of BHP Group by 70.0% in the 1st quarter. Bank of New York Mellon Corp now owns 79,400 shares of the mining company’s stock valued at $6,134,000 after purchasing an additional 32,699 shares during the period. Private Advisor Group LLC raised its position in shares of BHP Group by 62.9% in the first quarter. Private Advisor Group LLC now owns 8,865 shares of the mining company’s stock valued at $685,000 after purchasing an additional 3,424 shares during the period. BlackRock Inc. grew its holdings in BHP Group by 18.5% in the 1st quarter. BlackRock Inc. now owns 1,821,564 shares of the mining company’s stock valued at $140,716,000 after buying an additional 283,915 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in BHP Group by 71.7% during the first quarter. Yousif Capital Management LLC now owns 39,175 shares of the mining company’s stock worth $3,026,000 after buying an additional 16,359 shares in the last quarter. Institutional investors own 6.14% of the company’s stock.

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BHP Group Stock Down 0.8 %

Shares of NYSE:BHP opened at $55.80 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. BHP Group Limited has a 1 year low of $46.92 and a 1 year high of $71.52. The stock’s fifty day moving average price is $60.29 and its 200-day moving average price is $60.71.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 3rd. Berenberg Bank lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Liberum Capital upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. BNP Paribas upgraded shares of BHP Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, June 28th. Finally, StockNews.com began coverage on shares of BHP Group in a research report on Thursday. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and a consensus price target of $2,565.00.

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BHP Group Company Profile

(Free Report)

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.

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