International Assets Investment Management LLC boosted its position in BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 84.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,444 shares of the mining company’s stock after purchasing an additional 7,064 shares during the period. International Assets Investment Management LLC’s holdings in BHP Group were worth $1,310,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of BHP. Whipplewood Advisors LLC increased its position in BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after buying an additional 416 shares during the last quarter. NFSG Corp lifted its position in shares of BHP Group by 182.9% during the 3rd quarter. NFSG Corp now owns 396 shares of the mining company’s stock valued at $34,000 after buying an additional 256 shares during the last quarter. West Financial Advisors LLC purchased a new position in shares of BHP Group during the 3rd quarter valued at $44,000. Ascentis Independent Advisors purchased a new position in shares of BHP Group during the 1st quarter valued at $45,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of BHP Group during the 1st quarter worth $54,000. 3.79% of the stock is owned by institutional investors.
BHP Group Stock Performance
NYSE:BHP opened at $78.13 on Wednesday. BHP Group Limited Sponsored ADR has a 1 year low of $52.18 and a 1 year high of $98.71. The stock’s fifty day moving average price is $86.10 and its two-hundred day moving average price is $81.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88.
BHP Group Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were paid a dividend of $1.98 per share. This represents a dividend yield of 438.0%. The ex-dividend date was Friday, September 4th.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, October 13th. Wall Street Zen lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Finally, Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.00.
View Our Latest Stock Report on BHP
About BHP Group
BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.
BHP’s principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.
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