Graham Capital Management L.P. Invests $2.21 Million in BHP Group Limited Sponsored ADR $BHP

Key Points

• Graham Capital Management L.P. has acquired a new position in BHP Group Limited Sponsored ADR, purchasing 45,604 shares valued at approximately $2.2 million.
• BHP Group recently declared a semi-annual dividend of $1.185 per share, an increase from the previous $1.00 dividend, with a dividend yield of 4.1%.
• Analysts have mixed sentiments on BHP Group, with a consensus rating of "Hold" and an average price target of $48.50.

Graham Capital Management L.P. purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,604 shares of the mining company's stock, valued at approximately $2,214,000.

Other large investors also recently made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of BHP Group during the 1st quarter worth $26,000. WFA Asset Management Corp purchased a new position in shares of BHP Group during the 1st quarter worth $26,000. Alpine Bank Wealth Management purchased a new position in shares of BHP Group during the 1st quarter worth $27,000. Compagnie Lombard Odier SCmA purchased a new position in shares of BHP Group during the 1st quarter worth $32,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of BHP Group during the 4th quarter worth $74,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Macquarie lowered BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Citigroup restated a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BMO Capital Markets downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Finally, Berenberg Bank restated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $48.50.

BHP Group Trading Down 2.0%

Shares of BHP stock traded down $1.13 on Friday, reaching $54.42. 3,269,889 shares of the stock were exchanged, compared to its average volume of 2,551,148. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. The stock has a market cap of $138.00 billion, a P/E ratio of 12.37 and a beta of 0.81. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $52.84 and a two-hundred day moving average of $49.99.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a $1.185 dividend. The ex-dividend date is Friday, September 5th. This represents a yield of 441.0%. This is an increase from BHP Group's previous semi-annual dividend of $1.00. BHP Group's payout ratio is currently 53.86%.

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.