Marco Investment Management LLC Has $3.11 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Marco Investment Management LLC decreased its stake in BHP Group Limited (NYSE:BHP) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,564 shares of the mining company’s stock after selling 300 shares during the period. Marco Investment Management LLC’s holdings in BHP Group were worth $3,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BHP. Wellington Management Group LLP lifted its stake in BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after purchasing an additional 924,202 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after acquiring an additional 457,760 shares during the last quarter. Jennison Associates LLC bought a new position in BHP Group during the fourth quarter worth $12,381,000. Morgan Stanley raised its stake in BHP Group by 2.8% during the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after buying an additional 126,643 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in BHP Group during the third quarter worth $6,933,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

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

BHP Group Stock Performance

Shares of NYSE BHP traded down $0.78 during mid-day trading on Friday, reaching $56.43. 4,065,233 shares of the company’s stock traded hands, compared to its average volume of 2,768,604. The business has a 50-day simple moving average of $57.85 and a 200 day simple moving average of $60.24. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

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

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.