O Shaughnessy Asset Management LLC Acquires 14,089 Shares of BHP Group Limited (NYSE:BHP)

O Shaughnessy Asset Management LLC grew its stake in BHP Group Limited (NYSE:BHP) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,204 shares of the mining company’s stock after acquiring an additional 14,089 shares during the period. O Shaughnessy Asset Management LLC’s holdings in BHP Group were worth $8,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake 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 valued at $348,041,000 after purchasing an additional 642,765 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of BHP Group in the fourth quarter valued at $25,878,000. Norges Bank acquired a new position in BHP Group during the fourth quarter worth $20,574,000. Fisher Asset Management LLC raised its position in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new stake in BHP Group in the fourth quarter valued at $9,323,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BHP. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company 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 given a strong buy rating to the company. Based on data from MarketBeat, BHP Group currently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Up 0.4 %

Shares of BHP opened at $48.75 on Wednesday. The firm has a market cap of $123.62 billion, a P/E ratio of 11.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a 52 week low of $47.30 and a 52 week high of $63.21. The firm’s 50-day simple moving average is $49.95 and its 200 day simple moving average is $52.39.

BHP Group Cuts Dividend

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