Dimensional Fund Advisors LP Reduces Stock Position in BHP Group Limited (NYSE:BHP)

Dimensional Fund Advisors LP decreased its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,114,682 shares of the mining company's stock after selling 34,456 shares during the period. Dimensional Fund Advisors LP owned 0.16% of BHP Group worth $200,919,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BHP. Sierra Ocean LLC bought a new position in BHP Group in the fourth quarter worth approximately $29,000. Versant Capital Management Inc purchased a new position in shares of BHP Group in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA purchased a new stake in shares of BHP Group during the 4th quarter worth $46,000. Allianz SE bought a new stake in BHP Group during the fourth quarter valued at about $51,000. Finally, Headlands Technologies LLC purchased a new position in BHP Group in the fourth quarter valued at about $53,000. Institutional investors own 3.79% of the company's stock.

BHP Group Stock Down 0.0 %

Shares of BHP traded down $0.02 during mid-day trading on Monday, hitting $48.19. 690,388 shares of the company traded hands, compared to its average volume of 2,516,411. The company has a market capitalization of $122.21 billion, a PE ratio of 10.95 and a beta of 0.85. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $48.05 and a 200 day moving average of $50.64. BHP Group Limited has a 1-year low of $39.73 and a 1-year high of $63.21.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group decreased their price target 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. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target 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.