BHP Group Limited (NYSE:BHP) Position Increased by Westwood Global Investments LLC

Westwood Global Investments LLC lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,220,251 shares of the mining company’s stock after purchasing an additional 51,263 shares during the quarter. BHP Group comprises about 3.5% of Westwood Global Investments LLC’s holdings, making the stock its 9th biggest holding. Westwood Global Investments LLC’s holdings in BHP Group were worth $69,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rathbones Group PLC lifted its position in BHP Group by 38.6% in the second quarter. Rathbones Group PLC now owns 8,516 shares of the mining company’s stock valued at $486,000 after acquiring an additional 2,370 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in BHP Group by 6.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 128,185 shares of the mining company’s stock valued at $7,318,000 after purchasing an additional 8,318 shares in the last quarter. Parallel Advisors LLC grew its holdings in BHP Group by 27.0% during the second quarter. Parallel Advisors LLC now owns 12,830 shares of the mining company’s stock worth $732,000 after acquiring an additional 2,728 shares during the period. Altman Advisors Inc. increased its holdings in shares of BHP Group by 1.0% in the 2nd quarter. Altman Advisors Inc. now owns 24,721 shares of the mining company’s stock valued at $1,411,000 after purchasing an additional 242 shares in the last quarter. Finally, BOKF NA lifted its position in shares of BHP Group by 47.7% during the 2nd quarter. BOKF NA now owns 5,752 shares of the mining company’s stock valued at $328,000 after acquiring an additional 1,858 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citigroup initiated coverage on BHP Group in a research report on Friday, May 31st. They issued a “buy” rating on the stock. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BHP Group has an average rating of “Moderate Buy”.

BHP Group Trading Down 1.5 %

Shares of BHP opened at $52.89 on Monday. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11. The firm’s 50 day moving average is $54.63 and its 200-day moving average is $56.76. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be given a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.