Fox Run Management L.L.C. Boosts Stock Position in BHP Group Limited (NYSE:BHP)

Fox Run Management L.L.C. increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 392.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,424 shares of the mining company’s stock after buying an additional 14,680 shares during the period. Fox Run Management L.L.C.’s holdings in BHP Group were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock valued at $31,386,000 after purchasing an additional 57,097 shares during the period. Virtu Financial LLC acquired a new stake in BHP Group in the 4th quarter worth about $1,638,000. Summit Global Investments purchased a new stake in BHP Group during the 4th quarter worth approximately $4,216,000. Palogic Value Management L.P. increased its position in shares of BHP Group by 0.5% during the fourth quarter. Palogic Value Management L.P. now owns 82,496 shares of the mining company’s stock worth $4,028,000 after purchasing an additional 396 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in BHP Group by 24.8% in the 4th quarter. Whittier Trust Co. now owns 9,533 shares of the mining company’s stock valued at $465,000 after purchasing an additional 1,894 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

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

BHP Group Trading Down 0.2 %

Shares of BHP opened at $49.23 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $50.03 and a 200 day moving average price of $52.54. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The firm has a market capitalization of $124.82 billion, a P/E ratio of 11.19 and a beta of 0.90.

BHP Group Cuts Dividend

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

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.