BHP Group Limited Sponsored ADR $BHP Shares Acquired by Tidal Investments LLC

Tidal Investments LLC grew its stake in BHP Group Limited Sponsored ADR (NYSE:BHPFree Report) by 28.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 204,473 shares of the mining company’s stock after buying an additional 45,759 shares during the period. Tidal Investments LLC’s holdings in BHP Group were worth $17,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bayban acquired a new stake in BHP Group during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of BHP Group in the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of BHP Group during the fourth quarter worth about $26,000. Whipplewood Advisors LLC boosted 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 valued at $31,000 after buying an additional 416 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in BHP Group by 31.8% in the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after buying an additional 181 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Down 5.3%

BHP opened at $87.33 on Friday. The firm’s fifty day simple moving average is $87.81 and its two-hundred day simple moving average is $82.89. BHP Group Limited Sponsored ADR has a 52-week low of $51.83 and a 52-week high of $98.71. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43.

BHP Group Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, September 23rd. Investors of record on Friday, September 4th will be paid a $1.98 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a yield of 438.0%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BHP shares. Bank of America dropped their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Finally, Zacks Research cut BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.00.

Check Out Our Latest Research Report on BHP Group

About BHP Group

(Free Report)

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP’s principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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