BHP Group Limited (NYSE:BHP) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its position in shares of BHP Group Limited (NYSE:BHP) by 19.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,347 shares of the mining company’s stock after acquiring an additional 3,659 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in BHP Group were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of BHP Group in the 4th quarter valued at $29,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group in the fourth quarter valued at about $40,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group during the fourth quarter worth about $46,000. Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group during the fourth quarter worth about $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in BHP Group by 42.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after acquiring an additional 351 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Jefferies Financial Group lowered their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $53.00.

BHP Group Stock Down 9.5 %

BHP Group stock opened at $42.08 on Friday. The stock’s 50 day moving average price is $49.71 and its 200 day moving average price is $52.24. The company has a market cap of $106.69 billion, a PE ratio of 9.56 and a beta of 0.90. 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 1-year low of $41.67 and a 1-year high of $63.21.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued a $1.00 dividend. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s dividend payout ratio is presently 44.77%.

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.