Integral Investment Advisors Inc. Acquires New Shares in BHP Group Limited Sponsored ADR $BHP

Integral Investment Advisors Inc. bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the second quarter, HoldingsChannel reports. The institutional investor bought 4,349 shares of the mining company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently modified their holdings of BHP. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of BHP Group by 6.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 96,114 shares of the mining company’s stock valued at $4,622,000 after purchasing an additional 5,753 shares in the last quarter. Jackson Hole Capital Partners LLC raised its position in BHP Group by 17.2% in the 2nd quarter. Jackson Hole Capital Partners LLC now owns 22,046 shares of the mining company’s stock worth $1,060,000 after buying an additional 3,242 shares during the last quarter. R Squared Ltd raised its position in BHP Group by 11.9% in the 2nd quarter. R Squared Ltd now owns 12,006 shares of the mining company’s stock worth $577,000 after buying an additional 1,276 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in BHP Group by 11.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 24,260 shares of the mining company’s stock valued at $1,167,000 after acquiring an additional 2,543 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of BHP Group by 30.3% during the 2nd quarter. Ethic Inc. now owns 8,472 shares of the mining company’s stock valued at $412,000 after acquiring an additional 1,972 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.4%

BHP opened at $56.42 on Tuesday. The firm’s 50 day simple moving average is $55.04 and its two-hundred day simple moving average is $51.64. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $58.51. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group (NYSE:BHP) last posted its quarterly earnings data on Monday, August 18th. The mining company reported $2.00 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.09). The firm had revenue of $26.23 billion during the quarter, compared to analysts’ expectations of $26.04 billion. As a group, equities research analysts expect that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current year.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. This represents a dividend yield of 441.0%. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th.

Analysts Set New Price Targets

A number of brokerages have recently commented on BHP. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Company 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.