Stratos Wealth Advisors LLC Purchases Shares of 16,013 BHP Group Limited Sponsored ADR $BHP

Stratos Wealth Advisors LLC acquired a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,013 shares of the mining company’s stock, valued at approximately $770,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of BHP Group in the first quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in shares of BHP Group in the 1st quarter valued at $27,000. Hilltop National Bank bought a new position in shares of BHP Group during the 2nd quarter worth about $32,000. Raleigh Capital Management Inc. acquired a new stake in shares of BHP Group during the 2nd quarter valued at about $58,000. Finally, Flaharty Asset Management LLC bought a new stake in BHP Group in the first quarter valued at about $73,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 1.3%

Shares of BHP opened at $55.57 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a market cap of $141.04 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.03 and a beta of 0.80. The stock has a fifty day moving average price of $54.79 and a two-hundred day moving average price of $51.03. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $58.51.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given a dividend of $1.185 per share. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date was Friday, September 5th. This represents a yield of 441.0%. BHP Group’s dividend payout ratio is currently 53.86%.

Analysts Set New Price Targets

BHP has been the topic of a number of recent research reports. Berenberg Bank reaffirmed a “sell” rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Macquarie lowered BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Finally, BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average price target of $48.50.

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.