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

Recurrent Investment Advisors LLC cut its holdings in shares of BHP Group Limited (NYSE:BHP) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 25,950 shares of the mining company’s stock after selling 1,786 shares during the period. Recurrent Investment Advisors LLC’s holdings in BHP Group were worth $1,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BHP. Sierra Ocean LLC purchased a new stake in shares of BHP Group in the fourth quarter valued at approximately $29,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group in the 4th quarter worth $46,000. Allianz SE acquired a new stake in shares of BHP Group in the 4th quarter worth $51,000. Headlands Technologies LLC purchased a new position in shares of BHP Group during the 4th quarter worth $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group during the 4th quarter valued at about $54,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Down 1.1%

Shares of NYSE:BHP opened at $50.24 on Thursday. The business has a 50-day moving average price of $47.67 and a 200 day moving average price of $49.99. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $127.40 billion, a price-to-earnings ratio of 11.42 and a beta of 0.86.

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 paid a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is 44.77%.

Analyst Ratings Changes

BHP has been the topic of a number of analyst reports. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Buy” and an average target price of $53.00.

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.