Range Financial Group LLC Sells 27,862 Shares of BHP Group Limited Sponsored ADR $BHP

Key Points

• Range Financial Group LLC decreased its stake in BHP Group Limited by 74.8%, selling 27,862 shares and holding 9,383 shares valued at $451,000 after the sale.
• BHP Group has recently increased its semi-annual dividend to $1.185, up from $1.00, reflecting a significant dividend yield of 441.0%.
• Shares of BHP Group are currently down 1.2%, with a recent trading price of $54.13 and analysts rating the stock as an average of "Hold" with a price target of $48.50.

Range Financial Group LLC reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 74.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,383 shares of the mining company's stock after selling 27,862 shares during the period. Range Financial Group LLC's holdings in BHP Group were worth $451,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. WFA Asset Management Corp acquired a new stake in BHP Group during the 1st quarter valued at approximately $26,000. Costello Asset Management INC acquired a new stake in shares of BHP Group during the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in BHP Group during the 1st quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new position in BHP Group during the 1st quarter worth $32,000. Finally, Flaharty Asset Management LLC acquired a new position in BHP Group during the 1st quarter worth $73,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Down 0.2%

BHP Group stock traded down $0.09 during mid-day trading on Friday, hitting $52.09. The company's stock had a trading volume of 3,586,546 shares, compared to its average volume of 2,682,573. The firm's 50 day moving average is $53.54 and its 200 day moving average is $50.22. The company has a market cap of $132.20 billion, a PE ratio of 11.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21.

BHP Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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