SIH Partners LLLP Sells 713,712 Shares of BHP Group Limited (NYSE:BHP)

SIH Partners LLLP cut its stake in BHP Group Limited (NYSE:BHP - Free Report) by 77.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,388 shares of the mining company's stock after selling 713,712 shares during the period. BHP Group accounts for 0.5% of SIH Partners LLLP's investment portfolio, making the stock its 17th largest holding. SIH Partners LLLP's holdings in BHP Group were worth $10,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in BHP Group by 1.4% during the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock valued at $677,000 after purchasing an additional 195 shares during the period. Invesco Ltd. grew its position in shares of BHP Group by 1.8% during the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after buying an additional 198 shares during the period. Kovack Advisors Inc. grew its position in shares of BHP Group by 5.2% during the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock worth $213,000 after buying an additional 215 shares during the period. Essex Savings Bank grew its position in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock worth $365,000 after buying an additional 219 shares during the period. Finally, Passumpsic Savings Bank grew its position in shares of BHP Group by 7.1% during the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock worth $238,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Down 2.3 %

Shares of BHP traded down $1.13 during trading hours on Friday, reaching $48.18. The stock had a trading volume of 3,407,097 shares, compared to its average volume of 2,523,141. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. The firm has a 50-day simple moving average of $48.05 and a 200 day simple moving average of $50.64. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $122.17 billion, a price-to-earnings ratio of 10.95 and a beta of 0.85.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group's dividend payout ratio is currently 44.77%.

Analysts Set New Price Targets

Several brokerages have recently commented on BHP. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group reduced their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $53.00.

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.