Paradiem LLC Reduces Stock Holdings in BHP Group Limited (NYSE:BHP)

Paradiem LLC trimmed its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 59.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,276 shares of the mining company's stock after selling 13,839 shares during the period. Paradiem LLC's holdings in BHP Group were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BHP. SG Americas Securities LLC bought a new stake in shares of BHP Group in the third quarter worth about $1,623,000. Exchange Traded Concepts LLC bought a new stake in shares of BHP Group in the third quarter worth about $226,000. PDS Planning Inc increased its holdings in shares of BHP Group by 7.3% in the third quarter. PDS Planning Inc now owns 6,394 shares of the mining company's stock worth $364,000 after acquiring an additional 435 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of BHP Group by 2.0% in the third quarter. Commonwealth Equity Services LLC now owns 123,944 shares of the mining company's stock worth $7,050,000 after acquiring an additional 2,446 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of BHP Group in the third quarter worth about $37,000. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BHP. Citigroup upgraded BHP Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 14th. StockNews.com downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 21st. Finally, Liberum Capital reiterated a "hold" rating on shares of BHP Group in a report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, BHP Group has an average rating of "Hold" and a consensus target price of $50.00.

BHP Group Stock Performance

Shares of BHP traded down $0.78 during mid-day trading on Friday, reaching $56.43. The company's stock had a trading volume of 4,065,233 shares, compared to its average volume of 2,768,604. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The business has a 50-day simple moving average of $57.85 and a two-hundred day simple moving average of $60.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $1.44 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.