Greenline Partners LLC Cuts Stake in BHP Group Limited (NYSE:BHP)

Greenline Partners LLC cut its holdings in BHP Group Limited (NYSE:BHP) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,137 shares of the mining company’s stock after selling 1,117 shares during the period. BHP Group accounts for 1.0% of Greenline Partners LLC’s holdings, making the stock its 28th biggest holding. Greenline Partners LLC’s holdings in BHP Group were worth $7,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BHP. Northern Trust Corp lifted its holdings in shares of BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after buying an additional 846,963 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company’s stock valued at $34,543,000 after purchasing an additional 672,016 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BHP Group during the 4th quarter valued at about $25,878,000. Norges Bank bought a new stake in shares of BHP Group in the fourth quarter worth about $20,574,000. Finally, Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after buying an additional 280,258 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $53.00.

BHP Group Trading Up 1.0 %

Shares of NYSE BHP opened at $48.67 on Friday. BHP Group Limited has a 1-year low of $39.73 and a 1-year high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The business’s 50 day moving average is $47.68 and its two-hundred day moving average is $50.11. The stock has a market capitalization of $123.42 billion, a P/E ratio of 11.06 and a beta of 0.86.

BHP Group Cuts Dividend

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

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.