Tidal Investments LLC Grows Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Tidal Investments LLC grew its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 28.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,473 shares of the mining company’s stock after acquiring an additional 45,759 shares during the period. Tidal Investments LLC’s holdings in BHP Group were worth $17,035,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after purchasing an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BHP Group by 20.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after purchasing an additional 2,331 shares during the period. Invesco Ltd. raised its position in BHP Group by 99.6% during the 2nd quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after purchasing an additional 6,241 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in BHP Group by 173.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of BHP Group by 13.0% in the 2nd quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after buying an additional 1,917 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on BHP. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Thursday. Bank of America dropped their target price on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd. Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Finally, DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, BHP Group currently has an average rating of “Hold” and an average target price of $78.00.

BHP Group Price Performance

NYSE BHP opened at $87.33 on Friday. The firm’s fifty day simple moving average is $87.81 and its two-hundred day simple moving average is $82.89. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 12-month low of $51.83 and a 12-month high of $98.71.

BHP Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, September 23rd. Investors of record on Friday, September 4th will be given a dividend of $1.98 per share. This represents a yield of 438.0%. The ex-dividend date of this dividend is Friday, September 4th.

About BHP Group

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP’s principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.