BHP Group Limited Sponsored ADR $BHP Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,039 shares of the mining company’s stock after acquiring an additional 1,638 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in BHP Group were worth $916,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in BHP Group by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after purchasing an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in BHP Group during the 2nd quarter worth $68,953,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in BHP Group by 3,599.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock worth $12,666,000 after purchasing an additional 253,881 shares during the last quarter. Citigroup Inc. boosted its stake in BHP Group by 94.9% during the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock worth $20,495,000 after purchasing an additional 205,591 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in BHP Group during the 1st quarter worth $8,734,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BHP shares. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Berenberg Bank reaffirmed a “sell” rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Stock Down 1.3%

Shares of BHP opened at $56.03 on Wednesday. The firm has a market cap of $142.21 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 4.11 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $58.51. The company’s 50-day moving average price is $54.90 and its 200 day moving average price is $51.20. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a $1.185 dividend. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date was Friday, September 5th. This represents a yield of 441.0%. BHP Group’s payout ratio is presently 53.86%.

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.