Orion Portfolio Solutions LLC Increases Stock Holdings in BHP Group Limited (NYSE:BHP)

Orion Portfolio Solutions LLC grew its holdings in shares of BHP Group Limited (NYSE:BHP) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,347 shares of the mining company’s stock after purchasing an additional 3,659 shares during the period. Orion Portfolio Solutions LLC’s holdings in BHP Group were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP increased its stake in BHP Group by 13.0% during the 3rd 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 period. Raymond James Financial Inc. purchased a new stake in shares of BHP Group during the fourth quarter worth $25,878,000. Norges Bank acquired a new stake in shares of BHP Group in the fourth quarter valued at $20,574,000. Fisher Asset Management LLC boosted its holdings in 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 valued at $1,085,253,000 after purchasing an additional 280,258 shares during the period. Finally, SPX Gestao de Recursos Ltda acquired a new position in BHP Group during the 4th quarter worth $9,323,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the topic of a number of analyst reports. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group lowered their price target 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, StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, BHP Group has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Price Performance

BHP stock opened at $42.08 on Friday. The business has a 50 day moving average price of $49.71 and a 200 day moving average price of $52.24. 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 cap of $106.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.90. BHP Group Limited has a fifty-two week low of $41.67 and a fifty-two week high of $63.21.

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 issued a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s payout ratio is 44.77%.

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.