Aspen Wealth Strategies LLC Cuts Position in BHP Group Limited (NYSE:BHP)

Aspen Wealth Strategies LLC trimmed its position in BHP Group Limited (NYSE:BHP) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,229 shares of the mining company’s stock after selling 792 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in BHP Group were worth $255,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of BHP Group in the 4th quarter worth about $29,000. Versant Capital Management Inc purchased a new position in shares of BHP Group in the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group in the 4th quarter worth about $46,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of BHP Group during the 4th quarter valued at about $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BHP Group by 42.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after buying an additional 351 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

BHP stock opened at $50.51 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The stock’s 50 day moving average is $49.93 and its two-hundred day moving average is $52.66. The company has a market capitalization of $128.07 billion, a PE ratio of 11.48 and a beta of 0.90.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio is presently 44.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BHP. Jefferies Financial Group dropped 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. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two 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 stock has an average rating of “Buy” and a consensus target price of $53.00.

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.