BHP Group Limited Sponsored ADR $BHP Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 18.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 524,400 shares of the mining company’s stock after purchasing an additional 81,000 shares during the quarter. Gabelli Funds LLC’s holdings in BHP Group were worth $31,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHP. SIH Partners LLLP boosted its holdings in BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of BHP Group by 25.2% during the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after purchasing an additional 697,316 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of BHP Group during the third quarter worth about $27,234,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of BHP Group by 1,769.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock worth $25,875,000 after purchasing an additional 439,304 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of BHP Group by 1.3% during the third quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock worth $1,290,593,000 after purchasing an additional 307,397 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on BHP shares. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Friday. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One investment 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 stock. According to MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $62.33.

BHP Group Stock Down 0.4%

Shares of NYSE BHP opened at $84.08 on Tuesday. BHP Group Limited Sponsored ADR has a 1 year low of $45.74 and a 1 year high of $91.45. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $76.41 and its 200-day simple moving average is $68.34.

BHP Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 6th were given 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.

About BHP Group

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.