BHP Group Limited (NYSE:BHP) Stock Holdings Lessened by Cullen Capital Management LLC

Cullen Capital Management LLC cut its stake in shares of BHP Group Limited (NYSE:BHP) by 39.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,201 shares of the mining company’s stock after selling 86,310 shares during the quarter. Cullen Capital Management LLC’s holdings in BHP Group were worth $6,504,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pitcairn Co. boosted its position in shares of BHP Group by 8.0% in the 4th quarter. Pitcairn Co. now owns 19,504 shares of the mining company’s stock valued at $952,000 after purchasing an additional 1,445 shares during the period. SevenBridge Financial Group LLC lifted its stake in BHP Group by 9.3% during the fourth quarter. SevenBridge Financial Group LLC now owns 18,730 shares of the mining company’s stock valued at $940,000 after buying an additional 1,598 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of BHP Group in the fourth quarter worth about $53,000. OLD Mission Capital LLC purchased a new position in shares of BHP Group in the fourth quarter worth approximately $5,278,000. Finally, National Bank of Canada FI raised its holdings in shares of BHP Group by 19.7% during the fourth quarter. National Bank of Canada FI now owns 164,809 shares of the mining company’s stock valued at $8,048,000 after acquiring an additional 27,131 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of NYSE:BHP opened at $42.08 on Friday. The firm has a market cap of $106.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.90. BHP Group Limited has a 1 year low of $41.67 and a 1 year high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $49.71 and a 200 day simple moving average of $52.24.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

BHP has been the subject of a number of recent analyst reports. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group lowered their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, BHP Group 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.