421,334 Shares in BHP Group Limited (NYSE:BHP) Bought by Norges Bank

Norges Bank purchased a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 421,334 shares of the mining company's stock, valued at approximately $20,574,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in BHP Group in the fourth quarter worth approximately $29,000. Versant Capital Management Inc acquired a new position in shares of BHP Group in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group during the 4th quarter worth $46,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of BHP Group during the 4th quarter worth about $54,000. Finally, Rothschild Investment LLC raised its holdings in BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company's stock valued at $64,000 after buying an additional 708 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group decreased their price objective 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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $53.00.

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BHP Group Trading Up 4.0 %

NYSE BHP traded up $1.73 during trading on Friday, hitting $45.22. The stock had a trading volume of 4,397,947 shares, compared to its average volume of 2,525,498. The company has a market capitalization of $114.65 billion, a PE ratio of 10.28 and a beta of 0.85. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $48.82 and a 200 day moving average price of $51.65.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were paid a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend was 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.