Oppenheimer Asset Management Inc. Trims Stake in BHP Group Limited (NYSE:BHP)

Oppenheimer Asset Management Inc. decreased its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,483 shares of the mining company's stock after selling 12,014 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in BHP Group were worth $3,637,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $53.00.

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BHP Group Stock Up 3.1 %

BHP traded up $1.54 on Wednesday, hitting $50.76. 2,934,331 shares of the company were exchanged, compared to its average volume of 2,401,654. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The company has a market cap of $128.70 billion, a price-to-earnings ratio of 11.54 and a beta of 0.95. 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 announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group's payout ratio 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.