Greenline Partners LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Greenline Partners LLC increased its holdings in BHP Group Limited Sponsored ADR by 12.9% during the first quarter, acquiring a total of 168,432 shares worth approximately $8.18 million.
• BHP Group is planning to pay a semi-annual dividend of $1.185 per share on September 25th, representing a yield of 410.0%, which is an increase from its previous dividend.
• Analysts have downgraded BHP Group's stock ratings recently, with a consensus rating of "Hold" and an average price target of $48.50 as of the latest reports.

Greenline Partners LLC raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 12.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,432 shares of the mining company's stock after buying an additional 19,295 shares during the quarter. BHP Group comprises about 1.2% of Greenline Partners LLC's portfolio, making the stock its 22nd biggest holding. Greenline Partners LLC's holdings in BHP Group were worth $8,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BHP. First Trust Advisors LP acquired a new position in BHP Group in the fourth quarter valued at about $1,440,000. Aptus Capital Advisors LLC acquired a new position in BHP Group in the 4th quarter valued at about $677,000. Cetera Investment Advisers grew its position in BHP Group by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 50,296 shares of the mining company's stock valued at $2,456,000 after acquiring an additional 749 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in BHP Group in the 4th quarter valued at about $4,478,000. Finally, CoreCap Advisors LLC grew its position in BHP Group by 305.4% in the 4th quarter. CoreCap Advisors LLC now owns 2,538 shares of the mining company's stock valued at $124,000 after acquiring an additional 1,912 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Performance

Shares of BHP Group stock traded down $0.87 during trading hours on Tuesday, hitting $53.34. 2,246,593 shares of the company were exchanged, compared to its average volume of 2,964,891. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $52.97 and a 200-day moving average of $49.99. The stock has a market capitalization of $135.36 billion, a price-to-earnings ratio of 12.12 and a beta of 0.81.

BHP Group Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup restated a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. BMO Capital Markets lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Berenberg Bank restated a "sell" rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $48.50.

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.