Aigen Investment Management LP Makes New Investment in BHP Group Limited (NYSE:BHP)

Aigen Investment Management LP purchased a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,116 shares of the mining company's stock, valued at approximately $592,000.

A number of other large investors also recently made changes to their positions in BHP. Huntington National Bank lifted its position in shares of BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after buying an additional 203 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of BHP Group by 5.2% during the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock valued at $213,000 after acquiring an additional 215 shares during the last quarter. Essex Savings Bank lifted its holdings in BHP Group by 3.0% during the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock worth $365,000 after acquiring an additional 219 shares during the period. First Horizon Advisors Inc. boosted its position in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock worth $373,000 after purchasing an additional 263 shares during the last quarter. Finally, Passumpsic Savings Bank grew its stake in BHP Group by 7.1% in the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock valued at $238,000 after purchasing an additional 325 shares during the period. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BHP. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group decreased their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two 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. According to MarketBeat.com, BHP Group presently has a consensus rating of "Buy" and a consensus price target of $53.00.

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BHP Group Stock Performance

Shares of BHP traded down $0.56 during trading hours on Monday, hitting $49.60. The company's stock had a trading volume of 5,068,058 shares, compared to its average volume of 2,562,003. The business has a 50 day simple moving average of $49.86 and a two-hundred day simple moving average of $52.89. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company has a market cap of $125.78 billion, a price-to-earnings ratio of 11.27 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. Investors of record on Friday, March 7th will be paid a $1.00 dividend. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group's dividend payout ratio is 44.77%.

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.