Caprock Group LLC Has $1.93 Million Stock Position in BHP Group Limited (NYSE:BHP)

Caprock Group LLC increased its position in shares of BHP Group Limited (NYSE:BHP) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 30,330 shares of the mining company’s stock after purchasing an additional 396 shares during the period. Caprock Group LLC’s holdings in BHP Group were worth $1,930,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC increased its holdings in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank bought a new stake in BHP Group during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BHP Group during the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC bought a new stake in BHP Group during the 2nd quarter worth approximately $27,000. Finally, Sound Income Strategies LLC increased its holdings in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report 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 company. According to data from MarketBeat.com, BHP Group presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Stock Performance

NYSE:BHP opened at $52.28 on Thursday. The stock’s fifty day moving average price is $56.50 and its two-hundred day moving average price is $56.45. BHP Group Limited has a 1 year low of $50.90 and a 1 year 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.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were given a dividend of $1.465 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44.

BHP Group 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.