Natixis Advisors LLC Trims Stock Position in BHP Group Limited (NYSE:BHP)

Natixis Advisors LLC reduced its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 46.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,791 shares of the mining company's stock after selling 228,117 shares during the quarter. Natixis Advisors LLC's holdings in BHP Group were worth $16,260,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Northcape Wealth Management LLC lifted its holdings in shares of BHP Group by 6.7% during the third quarter. Northcape Wealth Management LLC now owns 42,030 shares of the mining company's stock worth $2,610,000 after buying an additional 2,629 shares in the last quarter. Huntington National Bank increased its stake in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock valued at $85,000 after buying an additional 203 shares during the period. Hourglass Capital LLC increased its stake in shares of BHP Group by 10.6% in the third quarter. Hourglass Capital LLC now owns 77,566 shares of the mining company's stock valued at $4,818,000 after buying an additional 7,411 shares during the period. Simmons Bank boosted its holdings in BHP Group by 10.8% in the third quarter. Simmons Bank now owns 45,053 shares of the mining company's stock valued at $2,798,000 after acquiring an additional 4,395 shares during the last quarter. Finally, Jeppson Wealth Management LLC boosted its holdings in BHP Group by 10.6% in the third quarter. Jeppson Wealth Management LLC now owns 35,871 shares of the mining company's stock valued at $2,228,000 after acquiring an additional 3,430 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Price Performance

BHP Group stock traded down $0.52 during mid-day trading on Wednesday, reaching $52.16. 1,322,882 shares of the stock traded hands, compared to its average volume of 2,460,618. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11. The business's 50-day moving average is $56.51 and its 200-day moving average is $56.48.

BHP Group Increases Dividend

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

Analyst Upgrades and Downgrades

BHP has been the topic of a number of research analyst reports. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a report on Monday. Argus raised BHP Group to a "strong-buy" rating in a research 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, Jefferies Financial Group downgraded BHP Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.