BHP Group Limited (NYSE:BHP) Stock Holdings Lessened by Ovata Capital Management Ltd

Ovata Capital Management Ltd lessened its stake in BHP Group Limited (NYSE:BHP) by 26.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,900 shares of the mining company’s stock after selling 2,100 shares during the quarter. BHP Group accounts for about 0.1% of Ovata Capital Management Ltd’s holdings, making the stock its 29th biggest position. Ovata Capital Management Ltd’s holdings in BHP Group were worth $290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares during the last quarter. FMR LLC raised its holdings in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after purchasing an additional 129,908 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of BHP Group by 9.7% in the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock valued at $31,386,000 after purchasing an additional 57,097 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

BHP Group Trading Down 9.5 %

BHP Group stock opened at $42.08 on Friday. The business’s 50-day simple moving average is $49.71 and its 200-day simple moving average is $52.24. BHP Group Limited has a 52 week low of $41.67 and a 52 week high of $63.21. The firm has a market capitalization of $106.69 billion, a PE ratio of 9.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were given a $1.00 dividend. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s dividend payout ratio is 44.77%.

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.