Oppenheimer Asset Management Inc. Reduces Stock Position in BHP Group Limited (NYSE:BHP)

Oppenheimer Asset Management Inc. decreased its stake in shares of BHP Group Limited (NYSE:BHP) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,483 shares of the mining company’s stock after selling 12,014 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BHP Group were worth $3,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XY Capital Ltd raised its holdings in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the period. Wellington Management Group LLP increased its position in BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares during the last quarter. Fisher Asset Management LLC raised its stake in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the period. Chartwell Investment Partners LLC acquired a new position in BHP Group in the 3rd quarter valued at about $9,830,000. Finally, ABC Arbitrage SA purchased a new stake in shares of BHP Group in the 4th quarter valued at approximately $7,655,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $48.43 on Friday. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week 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 company has a 50 day moving average price of $49.80 and a 200 day moving average price of $53.02. The stock has a market capitalization of $122.79 billion, a P/E ratio of 11.01 and a beta of 0.95.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s payout ratio is presently 44.77%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three research 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.