Abel Hall LLC Acquires Shares of 7,257 BHP Group Limited Sponsored ADR $BHP

Abel Hall LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,257 shares of the mining company’s stock, valued at approximately $349,000.

A number of other large investors have also recently made changes to their positions in BHP. Costello Asset Management INC bought a new position in shares of BHP Group during the first quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in shares of BHP Group during the first quarter valued at about $27,000. Compagnie Lombard Odier SCmA bought a new position in shares of BHP Group during the first quarter valued at about $32,000. Hilltop National Bank bought a new position in shares of BHP Group during the second quarter valued at about $32,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of BHP Group during the second quarter valued at about $58,000. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on BHP shares. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Saturday, September 27th. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.50.

BHP Group Stock Performance

Shares of BHP stock opened at $55.23 on Wednesday. The firm has a market cap of $140.18 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $59.56. The firm’s 50-day simple moving average is $54.09 and its two-hundred day simple moving average is $50.66.

BHP Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. The ex-dividend date was Friday, September 5th. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. BHP Group’s dividend payout ratio is 53.86%.

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.