Moors & Cabot Inc. Sells 365 Shares of BHP Group Limited (NYSE:BHP)

Moors & Cabot Inc. reduced its position in BHP Group Limited (NYSE:BHP) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,642 shares of the mining company’s stock after selling 365 shares during the quarter. Moors & Cabot Inc.’s holdings in BHP Group were worth $1,545,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SPX Gestao de Recursos Ltda bought a new stake in BHP Group in the fourth quarter valued at $9,323,000. Jackson Hole Capital Partners LLC lifted its holdings in shares of BHP Group by 59.2% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 13,100 shares of the mining company’s stock valued at $640,000 after acquiring an additional 4,871 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of BHP Group in the 4th quarter valued at $8,795,000. AMG National Trust Bank grew its holdings in shares of BHP Group by 41.2% in the 4th quarter. AMG National Trust Bank now owns 4,894 shares of the mining company’s stock worth $239,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Haven Private LLC acquired a new stake in shares of BHP Group during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BHP. Jefferies Financial Group reduced their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

Shares of BHP opened at $48.68 on Friday. The firm has a market cap of $123.43 billion, a P/E ratio of 11.06 and a beta of 0.90. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. 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 firm’s 50 day moving average price is $49.88 and its two-hundred day moving average price is $52.76.

BHP Group Cuts Dividend

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