Nichols & Pratt Advisers LLP MA Trims Position in BHP Group Limited (NYSE:BHP)

Nichols & Pratt Advisers LLP MA reduced its stake in BHP Group Limited (NYSE:BHP) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 55,639 shares of the mining company’s stock after selling 475 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in BHP Group were worth $2,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BHP. Fisher Asset Management LLC grew its position in BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. SVB Wealth LLC acquired a new position in BHP Group in the 4th quarter valued at about $452,000. QRG Capital Management Inc. grew its position in BHP Group by 19.0% in the 4th quarter. QRG Capital Management Inc. now owns 158,960 shares of the mining company’s stock valued at $7,762,000 after acquiring an additional 25,348 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in BHP Group by 12.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 24,791 shares of the mining company’s stock valued at $1,211,000 after acquiring an additional 2,697 shares in the last quarter. Finally, Kovack Advisors Inc. grew its position in BHP Group by 5.2% in the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock valued at $213,000 after acquiring an additional 215 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP Group stock opened at $48.43 on Friday. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The business has a 50 day simple moving average of $49.80 and a 200-day simple moving average of $53.03.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be paid a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BHP shares. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $53.00.

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.