XY Capital Ltd Takes Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• XY Capital Ltd. initiated a position in BHP Group during the second quarter, buying 41,449 shares worth approximately $3.45 million. BHP now represents about 3.3% of the fund’s holdings and is its seventh-largest position.
• BHP shares opened at $90.50, with the stock down 2.4% and trading near its 12-month high of $98.71. The company recently declared a $1.98-per-share dividend, although the reported 438.0% yield appears inconsistent with the share price.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Hold; MarketBeat reports a consensus “Hold” rating and an average price target of $78.00.

XY Capital Ltd purchased a new position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,449 shares of the mining company's stock, valued at approximately $3,453,000. BHP Group comprises about 3.3% of XY Capital Ltd's holdings, making the stock its 7th biggest position.

A number of other large investors have also added to or reduced their stakes in BHP. Bayban bought a new stake in BHP Group in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in shares of BHP Group during the 4th quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BHP Group during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC increased its stake in shares of BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock worth $31,000 after purchasing an additional 416 shares during the last quarter. Finally, Addison Advisors LLC increased its stake in shares of BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company's stock worth $45,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Trading Down 2.4%

NYSE BHP opened at $90.50 on Friday. The company's 50 day moving average is $87.18 and its 200-day moving average is $82.39. BHP Group Limited Sponsored ADR has a 12-month low of $51.83 and a 12-month high of $98.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48.

BHP Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.98 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a yield of 438.0%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BHP. DZ Bank raised shares of BHP Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Monday, June 8th. Weiss Ratings raised BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of BHP Group in a research note on Thursday, July 2nd. Finally, Wall Street Zen downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, BHP Group presently has a consensus rating of "Hold" and a consensus price target of $78.00.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

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