BHP Group Limited Sponsored ADR $BHP Position Cut by Twin Tree Management LP

Twin Tree Management LP trimmed its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 87.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 47,758 shares of the mining company’s stock after selling 326,156 shares during the quarter. Twin Tree Management LP’s holdings in BHP Group were worth $2,297,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BHP. GAMMA Investing LLC lifted its stake in BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock valued at $141,000 after buying an additional 1,301 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in BHP Group by 0.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,080 shares of the mining company’s stock valued at $3,547,000 after buying an additional 521 shares during the last quarter. Sowell Financial Services LLC bought a new stake in BHP Group in the first quarter valued at $280,000. Sagespring Wealth Partners LLC lifted its stake in BHP Group by 68.9% in the first quarter. Sagespring Wealth Partners LLC now owns 11,174 shares of the mining company’s stock valued at $542,000 after buying an additional 4,557 shares during the last quarter. Finally, NBT Bank N A NY lifted its stake in BHP Group by 10.1% in the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company’s stock valued at $114,000 after buying an additional 216 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

NYSE:BHP opened at $56.23 on Friday. The business’s 50-day moving average price is $54.73 and its 200 day moving average price is $50.96. The firm has a market cap of $142.71 billion, a P/E ratio of 12.78, a PEG ratio of 4.11 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $58.51. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $1.185 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a yield of 441.0%. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. BHP Group’s dividend payout ratio (DPR) is 53.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Berenberg Bank restated a “sell” rating and set a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Finally, Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.50.

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.