Point72 Hong Kong Ltd purchased a new position in BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,407 shares of the mining company's stock, valued at approximately $801,000.
Several other institutional investors have also recently made changes to their positions in BHP. Sierra Ocean LLC purchased a new position in shares of BHP Group in the fourth quarter worth $29,000. Union Bancaire Privee UBP SA bought a new stake in shares of BHP Group during the 4th quarter worth approximately $46,000. Allianz SE purchased a new stake in shares of BHP Group during the fourth quarter valued at $51,000. Headlands Technologies LLC bought a new position in BHP Group in the 4th quarter worth about $53,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group during the fourth quarter valued at $54,000. Institutional investors own 3.79% of the company's stock.
BHP Group Stock Performance
NYSE BHP traded down $0.17 during mid-day trading on Monday, reaching $50.34. 2,740,283 shares of the stock were exchanged, compared to its average volume of 2,552,230. BHP Group Limited has a 1 year low of $39.73 and a 1 year high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market capitalization of $127.65 billion, a P/E ratio of 11.44 and a beta of 0.86. The business's 50 day moving average is $47.71 and its 200-day moving average is $49.81.
BHP Group Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group's payout ratio is currently 44.77%.
Analysts Set New Price Targets
A number of brokerages have commented on BHP. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.00.
Read Our Latest Stock Analysis on BHP Group
About BHP Group
(
Free Report)
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.
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