Oppenheimer & Co. Inc. Raises Position in BHP Group Limited (NYSE:BHP)

Oppenheimer & Co. Inc. grew its position in BHP Group Limited (NYSE:BHP) by 12.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,791 shares of the mining company’s stock after purchasing an additional 2,697 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BHP Group were worth $1,211,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BHP. XY Capital Ltd raised its holdings in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. Wellington Management Group LLP raised its holdings in BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares during the last quarter. Fisher Asset Management LLC raised its holdings in BHP Group by 3.0% in 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 buying an additional 633,290 shares during the last quarter. Chartwell Investment Partners LLC purchased a new position in BHP Group in the third quarter worth about $9,830,000. Finally, ABC Arbitrage SA purchased a new position in BHP Group in the fourth quarter worth about $7,655,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Up 0.9 %

BHP opened at $49.28 on Wednesday. The firm has a 50 day moving average price of $49.79 and a 200-day moving average price of $52.97. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $124.97 billion, a price-to-earnings ratio of 11.20 and a beta of 0.95. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is 44.77%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BHP shares. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and an average 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.