Corient Private Wealth LLC Lowers Stake in BHP Group Limited (NYSE:BHP)

Corient Private Wealth LLC lessened its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,713 shares of the mining company's stock after selling 11,002 shares during the period. Corient Private Wealth LLC's holdings in BHP Group were worth $18,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in BHP Group during the fourth quarter valued at approximately $29,000. Versant Capital Management Inc bought a new position in shares of BHP Group during the 4th quarter valued at approximately $40,000. Union Bancaire Privee UBP SA bought a new position in shares of BHP Group during the 4th quarter valued at approximately $46,000. Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group in the fourth quarter valued at $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in BHP Group by 42.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company's stock worth $73,000 after purchasing an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on BHP shares. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $53.00.

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BHP Group Trading Down 0.2 %

Shares of BHP traded down $0.09 during midday trading on Friday, hitting $49.23. The stock had a trading volume of 2,241,388 shares, compared to its average volume of 2,409,763. The stock's 50 day moving average is $50.03 and its 200 day moving average is $52.54. The firm has a market cap of $124.82 billion, a PE ratio of 11.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group's payout ratio is currently 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.