Headlands Technologies LLC Takes Position in BHP Group Limited (NYSE:BHP)

Headlands Technologies LLC acquired a new position in shares of BHP Group Limited (NYSE:BHP) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,090 shares of the mining company’s stock, valued at approximately $53,000.

A number of other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake 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 in the last quarter. American Century Companies Inc. raised its position in BHP Group by 9.7% during the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock valued at $31,386,000 after acquiring an additional 57,097 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BHP Group in the fourth quarter worth approximately $25,878,000. Finally, Norges Bank acquired a new position in shares of BHP Group during the 4th quarter worth $20,574,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group reduced 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, Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of BHP opened at $42.32 on Tuesday. The company has a market capitalization of $107.30 billion, a PE ratio of 9.62 and a beta of 0.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited has a one year low of $41.15 and a one year high of $63.21. The company’s fifty day moving average price is $49.56 and its 200 day moving average price is $52.14.

BHP Group Cuts Dividend

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