Fractal Investments LLC Reduces Holdings in BHP Group Limited (NYSE:BHP)

Fractal Investments LLC lowered its stake in BHP Group Limited (NYSE:BHP) by 77.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,000 shares of the mining company’s stock after selling 30,327 shares during the quarter. Fractal Investments LLC’s holdings in BHP Group were worth $615,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Morgan Stanley lifted its stake in shares of BHP Group by 2.8% during the third 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 during the period. Wellington Management Group LLP lifted its position in BHP Group by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after buying an additional 924,202 shares during the period. FMR LLC boosted its stake in BHP Group by 10.6% in the 3rd quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock worth $69,565,000 after buying an additional 117,239 shares during the last quarter. Westwood Global Investments LLC grew its holdings in BHP Group by 2.1% in the 3rd quarter. Westwood Global Investments LLC now owns 998,872 shares of the mining company’s stock valued at $56,816,000 after buying an additional 20,412 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in BHP Group by 15.3% during the third quarter. Envestnet Asset Management Inc. now owns 669,915 shares of the mining company’s stock worth $38,105,000 after purchasing an additional 88,907 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Finally, StockNews.com downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.00.

BHP Group Stock Up 0.9 %

BHP Group stock traded up $0.53 during midday trading on Wednesday, hitting $59.23. 2,052,076 shares of the stock were exchanged, compared to its average volume of 2,604,284. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The company has a 50 day moving average price of $57.98 and a two-hundred day moving average price of $60.22. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were issued a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

About BHP Group

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.