O Shaughnessy Asset Management LLC Raises Stock Position in BHP Group Limited (NYSE:BHP)

O Shaughnessy Asset Management LLC boosted its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,204 shares of the mining company's stock after purchasing an additional 14,089 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in BHP Group were worth $8,067,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after buying an additional 280,258 shares in the last quarter. Wellington Management Group LLP raised its position in BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after acquiring an additional 642,765 shares during the period. FMR LLC lifted its holdings in 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 purchasing an additional 129,908 shares in the last quarter. American Century Companies Inc. grew its position in shares of BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock valued at $31,386,000 after purchasing an additional 57,097 shares during the period. Finally, JPMorgan Chase & Co. increased its stake 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 worth $37,271,000 after purchasing an additional 55,095 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts recently 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. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $53.00.

BHP Group Price Performance

BHP traded down $4.41 during trading on Friday, reaching $42.08. The company's stock had a trading volume of 8,170,403 shares, compared to its average volume of 2,461,172. The company has a market cap of $106.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.90. The firm has a fifty day simple moving average of $49.87 and a two-hundred day simple moving average of $52.32. BHP Group Limited has a 1 year low of $41.67 and a 1 year 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.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders 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 dividend payout ratio (DPR) is currently 44.77%.

BHP Group Company 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.