Palogic Value Management L.P. Purchases 396 Shares of BHP Group Limited (NYSE:BHP)

Palogic Value Management L.P. boosted its stake in BHP Group Limited (NYSE:BHP) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 82,496 shares of the mining company’s stock after acquiring an additional 396 shares during the period. BHP Group accounts for 1.6% of Palogic Value Management L.P.’s portfolio, making the stock its 13th biggest position. Palogic Value Management L.P.’s holdings in BHP Group were worth $4,028,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Whittier Trust Co. boosted its holdings in BHP Group by 24.8% in the fourth quarter. Whittier Trust Co. now owns 9,533 shares of the mining company’s stock valued at $465,000 after acquiring an additional 1,894 shares during the last quarter. Horizon Investments LLC boosted its holdings in BHP Group by 3.5% in the fourth quarter. Horizon Investments LLC now owns 11,222 shares of the mining company’s stock valued at $548,000 after acquiring an additional 382 shares during the last quarter. PDS Planning Inc boosted its holdings in BHP Group by 28.2% in the fourth quarter. PDS Planning Inc now owns 8,003 shares of the mining company’s stock valued at $391,000 after acquiring an additional 1,759 shares during the last quarter. Cadence Wealth Management LLC boosted its holdings in BHP Group by 4.7% in the fourth quarter. Cadence Wealth Management LLC now owns 10,575 shares of the mining company’s stock valued at $516,000 after acquiring an additional 470 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in BHP Group by 8.7% in the fourth quarter. Signaturefd LLC now owns 35,124 shares of the mining company’s stock valued at $1,715,000 after acquiring an additional 2,816 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

Shares of BHP opened at $49.30 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The business’s 50 day moving average price is $50.02 and its two-hundred day moving average price is $52.58. The firm has a market cap of $125.02 billion, a PE ratio of 11.21 and a beta of 0.90.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given 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. BHP Group’s payout ratio is 44.77%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of “Buy” and a consensus price target of $53.00.

About BHP Group

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.