Callahan Advisors LLC Has $3.59 Million Stake in BHP Group Limited (NYSE:BHP)

Callahan Advisors LLC decreased its stake in BHP Group Limited (NYSE:BHP - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,712 shares of the mining company's stock after selling 9,435 shares during the period. Callahan Advisors LLC's holdings in BHP Group were worth $3,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BHP. Asset Dedication LLC grew its holdings in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock worth $26,000 after purchasing an additional 451 shares during the last quarter. Eastern Bank bought a new stake in BHP Group during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BHP Group during the second quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of BHP Group in the second quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock worth $33,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 3.79% of the company's stock.

BHP Group Trading Down 1.3 %

BHP stock traded down $0.71 during midday trading on Wednesday, hitting $55.97. 2,801,385 shares of the company's stock were exchanged, compared to its average volume of 2,445,775. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock's fifty day moving average price is $56.41 and its 200-day moving average price is $56.71.

BHP Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a $1.465 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from BHP Group's previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of BHP Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $72.00 to $68.00 in a report on Friday, October 4th. Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, August 28th. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $68.00.

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