Aquatic Capital Management LLC purchased a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 114,890 shares of the mining company's stock, valued at approximately $5,610,000.
Several other institutional investors have also recently made changes to their positions in the stock. Sierra Ocean LLC acquired a new position in BHP Group during the 4th quarter worth approximately $29,000. Versant Capital Management Inc acquired a new stake in BHP Group in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA bought a new stake in BHP Group during the 4th quarter valued at $46,000. Allianz SE acquired a new position in shares of BHP Group during the fourth quarter valued at about $51,000. Finally, Headlands Technologies LLC bought a new stake in shares of BHP Group during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 3.79% of the company's stock.
BHP Group Price Performance
BHP traded up $1.16 on Friday, reaching $48.87. The company had a trading volume of 1,727,740 shares, compared to its average volume of 2,524,482. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a market cap of $123.91 billion, a price-to-earnings ratio of 11.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The business has a 50 day simple moving average of $47.79 and a 200 day simple moving average of $50.45.
BHP Group Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group's dividend payout ratio is currently 44.77%.
Analysts Set New Price Targets
Several analysts have recently commented on BHP shares. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group reduced their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $53.00.
View Our Latest Report on BHP Group
About BHP Group
(
Free Report)
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.
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