BHP Group Limited (NYSE:BHP) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of BHP Group Limited (NYSE:BHP) by 46.6% in the third quarter, Holdings Channel.com reports. The fund owned 261,791 shares of the mining company’s stock after selling 228,117 shares during the period. Natixis Advisors LLC’s holdings in BHP Group were worth $16,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BHP. Northcape Wealth Management LLC increased its holdings in BHP Group by 6.7% in the 3rd quarter. Northcape Wealth Management LLC now owns 42,030 shares of the mining company’s stock valued at $2,610,000 after purchasing an additional 2,629 shares during the last quarter. Huntington National Bank boosted its position in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after buying an additional 203 shares during the period. Hourglass Capital LLC grew its stake in shares of BHP Group by 10.6% in the third quarter. Hourglass Capital LLC now owns 77,566 shares of the mining company’s stock valued at $4,818,000 after buying an additional 7,411 shares in the last quarter. Simmons Bank raised its holdings in shares of 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 buying an additional 4,395 shares during the period. Finally, Jeppson Wealth Management LLC lifted its stake in BHP Group by 10.6% during the 3rd quarter. Jeppson Wealth Management LLC now owns 35,871 shares of the mining company’s stock worth $2,228,000 after acquiring an additional 3,430 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on BHP. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

BHP stock opened at $52.68 on Wednesday. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The business has a 50 day moving average price of $56.51 and a 200 day moving average price of $56.48.

BHP Group Increases Dividend

The business 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 is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. The ex-dividend date of this dividend was Friday, September 13th.

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