Chartwell Investment Partners LLC Purchases New Shares in BHP Group Limited (NYSE:BHP)

Chartwell Investment Partners LLC bought a new stake in shares of BHP Group Limited (NYSE:BHP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 158,262 shares of the mining company's stock, valued at approximately $9,830,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Dedication LLC raised its stake 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 buying an additional 451 shares in the last quarter. Eastern Bank bought a new position in shares of BHP Group during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BHP Group during the second quarter worth $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group in the 2nd quarter valued at $27,000. Finally, Sound Income Strategies LLC increased its position in shares of BHP Group by 124.6% in the third 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. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 3.0 %

Shares of BHP stock traded down $1.67 during trading hours on Monday, hitting $53.52. The company had a trading volume of 2,701,475 shares, compared to its average volume of 2,457,117. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm's fifty day moving average is $56.50 and its 200 day moving average is $56.65.

BHP Group Increases Dividend

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

Analyst Ratings Changes

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