Denali Advisors LLC Sells 261 Shares of BHP Group Limited Sponsored ADR $BHP

Denali Advisors LLC lessened its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,770 shares of the mining company’s stock after selling 261 shares during the period. Denali Advisors LLC’s holdings in BHP Group were worth $422,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Costello Asset Management INC bought a new position in shares of BHP Group in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in shares of BHP Group in the 1st quarter valued at about $27,000. Hilltop National Bank bought a new position in shares of BHP Group in the 2nd quarter valued at about $32,000. Raleigh Capital Management Inc. bought a new position in shares of BHP Group in the 2nd quarter valued at about $58,000. Finally, Flaharty Asset Management LLC bought a new position in shares of BHP Group in the 1st quarter valued at about $73,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 0.5%

BHP Group stock opened at $55.72 on Thursday. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $58.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The stock has a market capitalization of $141.40 billion, a P/E ratio of 12.66, a PEG ratio of 3.96 and a beta of 0.80. The stock has a 50-day simple moving average of $54.92 and a 200 day simple moving average of $51.23.

BHP Group Increases Dividend

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

Wall Street Analysts Forecast Growth

BHP has been the subject of several analyst reports. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Berenberg Bank restated a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Finally, BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.50.

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.