Kingstone Capital Partners Texas LLC Takes $68.95 Million Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new position in BHP Group Limited, investing approximately $68.95 million for 1,433,839 shares during the 2nd quarter.
• BHP Group recently increased its semi-annual dividend to $1.185 per share from the previous $1.00, resulting in a dividend yield of 441.0% and a payout ratio of 53.86%.
• Analysts have generally rated BHP Group as "Hold," with a consensus price target of $48.50, while some ratings have been lowered recently.

Kingstone Capital Partners Texas LLC acquired a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,433,839 shares of the mining company's stock, valued at approximately $68,953,000. Kingstone Capital Partners Texas LLC owned approximately 0.06% of BHP Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in BHP Group during the 1st quarter worth about $26,000. WFA Asset Management Corp purchased a new stake in shares of BHP Group in the first quarter valued at $26,000. Alpine Bank Wealth Management purchased a new stake in shares of BHP Group in the first quarter valued at $27,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of BHP Group in the first quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of BHP Group in the first quarter valued at $73,000. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Down 0.2%

BHP Group stock traded down $0.09 during mid-day trading on Friday, hitting $52.09. 3,586,546 shares of the company's stock were exchanged, compared to its average volume of 2,682,573. 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 stock has a market cap of $132.20 billion, a P/E ratio of 11.84 and a beta of 0.81. 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 50 day moving average of $53.54 and a two-hundred day moving average of $50.21.

BHP Group Increases Dividend

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

Wall Street Analyst Weigh In

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

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.