Jackson Hole Capital Partners LLC Increases Position in BHP Group Limited (NYSE:BHP)

Jackson Hole Capital Partners LLC grew its stake in BHP Group Limited (NYSE:BHP) by 59.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,100 shares of the mining company’s stock after acquiring an additional 4,871 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in BHP Group were worth $640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of BHP Group in the 4th quarter valued at $29,000. Versant Capital Management Inc purchased a new position in BHP Group during the 4th quarter worth $40,000. Union Bancaire Privee UBP SA purchased a new position in BHP Group during the 4th quarter worth $46,000. Newbridge Financial Services Group Inc. purchased a new position in BHP Group during the 4th quarter worth $54,000. Finally, Rothschild Investment LLC grew its stake in BHP Group by 119.4% during the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after buying an additional 708 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BHP shares. Jefferies Financial Group dropped their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Stock Down 1.0 %

BHP Group stock opened at $50.17 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The business’s 50-day simple moving average is $49.86 and its two-hundred day simple moving average is $52.91. The company has a market cap of $127.23 billion, a PE ratio of 11.40 and a beta of 0.90. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s payout ratio is presently 44.77%.

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.