OLD Mission Capital LLC Invests $5.28 Million in BHP Group Limited (NYSE:BHP)

OLD Mission Capital LLC purchased a new stake in shares of BHP Group Limited (NYSE:BHP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,090 shares of the mining company's stock, valued at approximately $5,278,000.

Other hedge funds have also recently bought and sold shares of the company. 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in BHP Group in the 4th quarter valued at about $25,878,000. Norges Bank bought a new position in BHP Group during the fourth quarter worth about $20,574,000. Fisher Asset Management LLC increased 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 buying an additional 280,258 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in BHP Group during the fourth quarter worth approximately $9,323,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Performance

Shares of BHP Group stock 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 2,459,734. 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 business's 50-day moving average price is $49.71 and its 200-day moving average price is $52.24. BHP Group Limited has a 52 week low of $41.67 and a 52 week high of $63.21. The firm has a market cap of $106.69 billion, a PE ratio of 9.56 and a beta of 0.90.

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BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio is presently 44.77%.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two equities research 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, the stock currently has a consensus rating of "Buy" and an average price target of $53.00.

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.