BHP Group Limited (NYSE:BHP) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,109 shares of the mining company's stock after buying an additional 6,203 shares during the quarter. Evergreen Capital Management LLC's holdings in BHP Group were worth $884,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of BHP Group during the 4th quarter valued at about $29,000. Versant Capital Management Inc acquired a new position in BHP Group during the fourth quarter worth approximately $40,000. Union Bancaire Privee UBP SA acquired a new position in BHP Group during the fourth quarter worth approximately $46,000. Allianz SE acquired a new position in shares of BHP Group in the 4th quarter valued at $51,000. Finally, Headlands Technologies LLC purchased a new stake in shares of BHP Group during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a report 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 stock. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of "Buy" and a consensus target price of $53.00.

BHP Group Stock Up 2.1 %

NYSE BHP traded up $1.01 during trading hours on Wednesday, hitting $48.66. The company had a trading volume of 1,653,143 shares, compared to its average volume of 2,524,273. The firm's 50 day moving average is $48.24 and its 200 day moving average is $50.92. 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 fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a market capitalization of $123.39 billion, a price-to-earnings ratio of 11.06 and a beta of 0.85.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's payout ratio is currently 44.77%.

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.