BHP Group Limited (NYSE:BHP) Shares Sold by FORA Capital LLC

FORA Capital LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 63.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,357 shares of the mining company’s stock after selling 42,081 shares during the period. FORA Capital LLC’s holdings in BHP Group were worth $1,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG grew its stake in BHP Group by 160.0% in the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock valued at $95,000 after acquiring an additional 1,200 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of BHP Group by 285.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 212,266 shares of the mining company’s stock valued at $10,365,000 after purchasing an additional 157,183 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of BHP Group by 305.4% during the 4th quarter. CoreCap Advisors LLC now owns 2,538 shares of the mining company’s stock valued at $124,000 after acquiring an additional 1,912 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of BHP Group during the fourth quarter worth about $4,478,000. Finally, Cetera Investment Advisers boosted its holdings in BHP Group by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 50,296 shares of the mining company’s stock worth $2,456,000 after acquiring an additional 749 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 1.0 %

BHP Group stock opened at $48.67 on Friday. The company’s 50-day moving average price is $47.68 and its two-hundred day moving average price is $50.11. The stock has a market cap of $123.42 billion, a price-to-earnings ratio of 11.06 and a beta of 0.86. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 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. Shareholders of record on Friday, March 7th were paid a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s payout ratio is currently 44.77%.

Wall Street Analyst Weigh In

BHP has been the topic of several analyst reports. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $53.00.

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.