Cherokee Insurance Co Purchases Shares of 4,700 BHP Group Limited Sponsored ADR $BHP

Cherokee Insurance Co purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,700 shares of the mining company’s stock, valued at approximately $226,000.

Several other institutional investors have also recently modified their holdings of BHP. Costello Asset Management INC bought a new stake in BHP Group in the 1st quarter worth approximately $26,000. Hilltop National Bank purchased a new position in shares of BHP Group during the second quarter worth approximately $32,000. NewSquare Capital LLC lifted its holdings in shares of BHP Group by 249.8% in the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after acquiring an additional 622 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of BHP Group in the 2nd quarter valued at $58,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of BHP Group in the 1st quarter valued at $73,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Down 0.7%

NYSE:BHP opened at $55.92 on Friday. The company has a 50-day moving average price of $55.24 and a 200-day moving average price of $52.46. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $58.92.

BHP Group (NYSE:BHP) last released its quarterly earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.09). The company had revenue of $26.23 billion for the quarter, compared to the consensus estimate of $26.04 billion. On average, research analysts expect that BHP Group Limited Sponsored ADR will post 4.03 earnings per share for the current year.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. This represents a dividend yield of 441.0%. The ex-dividend date was Friday, September 5th. This is a boost from BHP Group’s previous semi-annual dividend of $1.00.

Analyst Upgrades and Downgrades

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

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.