BHP Group Limited (NYSE:BHP) Shares Acquired by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC increased its holdings in BHP Group Limited (NYSE:BHP) by 59.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,100 shares of the mining company’s stock after purchasing an additional 4,871 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in BHP Group were worth $640,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BHP. Sierra Ocean LLC purchased a new stake in BHP Group during the 4th quarter worth approximately $29,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group in the fourth quarter valued at approximately $40,000. Union Bancaire Privee UBP SA purchased a new stake in shares of BHP Group in the fourth quarter valued at approximately $46,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of BHP Group in the fourth quarter valued at approximately $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BHP Group by 42.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the subject of several research analyst reports. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group lowered their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Trading Down 1.0 %

NYSE:BHP opened at $50.17 on Friday. The firm has a market cap of $127.23 billion, a PE ratio of 11.40 and a beta of 0.90. The stock has a fifty day moving average price of $49.86 and a 200 day moving average price of $52.91. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is presently 44.77%.

About BHP Group

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.