TLS Advisors LLC Increases Stake in BHP Group Limited (NYSE:BHP)

TLS Advisors LLC lifted its holdings in BHP Group Limited (NYSE:BHP) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,960 shares of the mining company’s stock after buying an additional 20,000 shares during the period. BHP Group comprises 19.6% of TLS Advisors LLC’s holdings, making the stock its largest holding. TLS Advisors LLC’s holdings in BHP Group were worth $8,592,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Allianz SE purchased a new position in BHP Group during the fourth quarter worth $51,000. Palogic Value Management L.P. boosted its stake in shares of BHP Group by 0.5% during the 4th 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 during the period. Orion Portfolio Solutions LLC grew its holdings in BHP Group by 19.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 22,347 shares of the mining company’s stock valued at $1,091,000 after purchasing an additional 3,659 shares during the last quarter. Norges Bank purchased a new stake in BHP Group in the 4th quarter worth about $20,574,000. Finally, Summitry LLC lifted its stake in BHP Group by 22.8% in the fourth quarter. Summitry LLC now owns 4,158 shares of the mining company’s stock worth $203,000 after purchasing an additional 771 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 1.4 %

Shares of NYSE:BHP opened at $48.95 on Friday. The business’s 50 day moving average is $50.01 and its 200 day moving average is $52.45. The stock has a market cap of $124.12 billion, a P/E ratio of 11.12 and a beta of 0.90. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were given a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s payout ratio is 44.77%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BHP shares. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a 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 note on Monday, January 6th. Finally, Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, BHP Group currently has an average rating of “Buy” and an average price target 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.