Natixis Advisors LLC Acquires 26,013 Shares of BHP Group Limited (NYSE:BHP)

Natixis Advisors LLC grew its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,804 shares of the mining company's stock after buying an additional 26,013 shares during the quarter. Natixis Advisors LLC's holdings in BHP Group were worth $14,054,000 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. Barclays PLC grew its holdings in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after buying an additional 109,337 shares during the last quarter. FMR LLC grew its holdings in shares of BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after buying an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after buying an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after buying an additional 22,677 shares during the last quarter. Finally, Range Financial Group LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at approximately $1,301,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

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BHP Group Stock Performance

BHP stock traded down $0.09 on Friday, hitting $49.23. The company had a trading volume of 2,241,388 shares, compared to its average volume of 2,409,804. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The stock has a market cap of $124.82 billion, a price-to-earnings ratio of 11.19 and a beta of 0.90. The stock's 50-day simple moving average is $50.03 and its 200 day simple moving average is $52.54.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%. BHP Group's payout ratio is presently 44.77%.

Analysts Set New Price Targets

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

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.