BHP Group Limited (NYSE:BHP) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in BHP Group Limited (NYSE:BHP) by 8.1% during the third quarter, Holdings Channel.com reports. The firm owned 22,094 shares of the mining company’s stock after selling 1,946 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BHP Group were worth $1,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Simmons Bank raised its position in BHP Group by 10.8% in the 3rd quarter. Simmons Bank now owns 45,053 shares of the mining company’s stock valued at $2,798,000 after purchasing an additional 4,395 shares in the last quarter. Jeppson Wealth Management LLC raised its position in BHP Group by 10.6% in the 3rd quarter. Jeppson Wealth Management LLC now owns 35,871 shares of the mining company’s stock valued at $2,228,000 after purchasing an additional 3,430 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in BHP Group in the 3rd quarter valued at about $9,830,000. Crossmark Global Holdings Inc. raised its position in BHP Group by 65.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 154,274 shares of the mining company’s stock valued at $9,582,000 after purchasing an additional 60,857 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in BHP Group in the 3rd quarter valued at about $235,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Trading Up 1.2 %

NYSE:BHP opened at $52.47 on Tuesday. The stock’s 50 day moving average price is $56.49 and its 200 day moving average price is $56.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 52-week low of $50.90 and a 52-week high of $69.11.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid a dividend of $1.465 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44.

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.