Pacific Heights Asset Management LLC Has $25.66 Million Position in BHP Group Limited Sponsored ADR $BHP

Pacific Heights Asset Management LLC grew its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 21.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 425,000 shares of the mining company’s stock after purchasing an additional 75,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in BHP Group were worth $25,657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BHP. Bailard Inc. boosted its stake in BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after acquiring an additional 174 shares during the last quarter. Naviter Wealth LLC increased its stake in BHP Group by 0.4% in the third quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock valued at $2,827,000 after purchasing an additional 191 shares in the last quarter. Abel Hall LLC raised its holdings in BHP Group by 2.9% in the third quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock worth $416,000 after purchasing an additional 209 shares during the period. Mutual Advisors LLC boosted its position in shares of BHP Group by 3.0% during the third quarter. Mutual Advisors LLC now owns 7,371 shares of the mining company’s stock worth $408,000 after purchasing an additional 216 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of BHP Group by 16.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,628 shares of the mining company’s stock worth $98,000 after purchasing an additional 228 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Price Performance

BHP stock opened at $84.40 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a fifty-two week low of $45.74 and a fifty-two week high of $91.45. The business has a 50-day moving average of $76.24 and a 200-day moving average of $68.15.

BHP Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 6th were paid a dividend of $1.46 per share. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

Wall Street Analyst Weigh In

A number of research firms recently commented on BHP. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Sanford C. Bernstein reduced their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. Argus set a $95.00 target price on BHP Group in a research note on Monday, April 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.33.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.