D. E. Shaw & Co. Inc. Increases Holdings in BHP Group Limited (NYSE:BHP)

D. E. Shaw & Co. Inc. lifted its stake in BHP Group Limited (NYSE:BHP - Free Report) by 285.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 212,266 shares of the mining company's stock after purchasing an additional 157,183 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in BHP Group were worth $10,365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in BHP Group during the fourth quarter worth $29,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group in the fourth quarter valued at $46,000. Allianz SE acquired a new stake in shares of BHP Group in the fourth quarter valued at $51,000. Headlands Technologies LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of BHP Group in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 3.79% of the company's stock.

Analyst Ratings Changes

BHP has been the subject of a number of research reports. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $53.00.

BHP Group Stock Down 0.0%

BHP traded down $0.02 on Friday, hitting $50.51. 3,264,795 shares of the company were exchanged, compared to its average volume of 2,551,475. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a market cap of $128.09 billion, a price-to-earnings ratio of 11.48 and a beta of 0.86. 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 firm has a 50-day moving average price of $47.71 and a two-hundred day moving average price of $49.85.

BHP Group Cuts Dividend

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

BHP Group Company 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.