Minot DeBlois Advisors LLC Takes Position in BHP Group Limited (NYSE:BHP)

Minot DeBlois Advisors LLC acquired a new stake in shares of BHP Group Limited (NYSE:BHP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,542 shares of the mining company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. Northern Trust Corp raised its position in shares of BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares during the period. Marshall Wace LLP raised its position in shares of BHP Group by 16.9% during the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after purchasing an additional 102,433 shares during the period. Balyasny Asset Management L.P. raised its position in shares of BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares during the period. Finally, American Century Companies Inc. raised its position in shares of BHP Group by 9.7% during the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after purchasing an additional 57,097 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of research reports. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, BHP Group presently has an average rating of "Buy" and an average target price of $53.00.

BHP Group Price Performance

Shares of BHP traded down $0.02 during trading hours on Friday, hitting $50.51. 3,264,795 shares of the company were exchanged, compared to its average volume of 2,551,475. The company has a market capitalization of $128.09 billion, a PE ratio of 11.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The firm has a fifty day simple moving average of $47.71 and a 200-day simple moving average of $49.85. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were paid a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group's dividend payout ratio is presently 44.77%.

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.