BHP Group Limited Sponsored ADR $BHP Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC lessened its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 7.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,349 shares of the mining company’s stock after selling 7,770 shares during the quarter. BHP Group comprises about 3.5% of Kessler Investment Group LLC’s investment portfolio, making the stock its 9th largest holding. Kessler Investment Group LLC’s holdings in BHP Group were worth $7,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BHP. Bayban acquired a new position in shares of BHP Group during the 4th quarter worth about $25,000. Whipplewood Advisors LLC raised its stake in BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after purchasing an additional 416 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in BHP Group during the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new stake in BHP Group during the first quarter worth about $45,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in BHP Group during the first quarter worth about $54,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BHP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Thursday, September 10th. Finally, Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.00.

BHP Group Stock Performance

BHP Group stock traded down $0.81 during trading hours on Thursday, hitting $84.41. The stock had a trading volume of 1,266,665 shares, compared to its average volume of 3,188,119. The business’s 50 day simple moving average is $89.01 and its 200-day simple moving average is $84.31. BHP Group Limited Sponsored ADR has a one year low of $52.18 and a one year high of $98.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48.

BHP Group Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th were issued a dividend of $1.98 per share. The ex-dividend date was Friday, September 4th. This represents a yield of 438.0%.

BHP Group Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.