SIH Partners LLLP Has $10.08 Million Position in BHP Group Limited (NYSE:BHP)

SIH Partners LLLP lessened its stake in shares of BHP Group Limited (NYSE:BHP) by 77.6% during the 4th quarter, HoldingsChannel reports. The firm owned 206,388 shares of the mining company’s stock after selling 713,712 shares during the quarter. BHP Group comprises 0.5% of SIH Partners LLLP’s holdings, making the stock its 17th biggest position. SIH Partners LLLP’s holdings in BHP Group were worth $10,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its position in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after buying an additional 109,337 shares during the period. JPMorgan Chase & Co. grew its stake in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Range Financial Group LLC bought a new position in BHP Group during the fourth quarter worth $1,301,000. FNY Investment Advisers LLC acquired a new position in BHP Group during the 4th quarter valued at $2,130,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in BHP Group in the 4th quarter valued at $249,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Up 0.9 %

NYSE BHP opened at $46.92 on Tuesday. The stock’s 50 day simple moving average is $48.33 and its 200 day simple moving average is $50.94. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21. The firm has a market cap of $118.98 billion, a PE ratio of 10.66 and a beta of 0.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

The firm also recently announced 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 was Friday, March 7th. BHP Group’s payout ratio is presently 44.77%.

Analyst Ratings Changes

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

BHP Group Company 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.