NINE MASTS CAPITAL Ltd Invests $2.98 Million in BHP Group Limited (NYSE:BHP)

NINE MASTS CAPITAL Ltd purchased a new position in BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,800 shares of the mining company's stock, valued at approximately $2,976,000. BHP Group accounts for about 0.5% of NINE MASTS CAPITAL Ltd's portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC raised its position in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after acquiring an additional 280,258 shares during the last quarter. Wellington Management Group LLP raised its position in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after purchasing an additional 642,765 shares during the last quarter. FMR LLC lifted its stake in BHP Group by 10.0% in the 3rd 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 in the last quarter. XY Capital Ltd grew its holdings in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after buying an additional 768,972 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after buying an additional 55,095 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group reduced 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. Finally, StockNews.com downgraded 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $53.00.

BHP Group Trading Down 0.1 %

BHP traded down $0.04 during midday trading on Thursday, hitting $50.67. The company's stock had a trading volume of 2,539,575 shares, compared to its average volume of 2,402,169. The firm has a market cap of $128.49 billion, a P/E ratio of 11.52 and a beta of 0.95. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $49.82 and a two-hundred day moving average price of $52.96.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group's dividend payout ratio (DPR) is 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.