BHP Group Limited (NYSE:BHP) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,497 shares of the mining company's stock after selling 41,688 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in BHP Group were worth $5,372,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in BHP Group in the 1st quarter worth about $1,953,000. XY Capital Ltd raised its position in shares of 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 period. Ausbil Investment Management Ltd acquired a new position in shares of BHP Group in the 3rd quarter valued at $2,360,000. SG Americas Securities LLC boosted its stake in BHP Group by 477.0% during the second quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company's stock worth $11,982,000 after buying an additional 173,510 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new stake in BHP Group in the 3rd quarter valued at approximately $9,830,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

BHP Group stock traded down $0.23 during midday trading on Friday, reaching $51.82. The company's stock had a trading volume of 1,763,096 shares, compared to its average volume of 2,462,587. The business has a 50-day simple moving average of $56.46 and a 200-day simple moving average of $56.54. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $1.465 dividend. This is a boost from BHP Group's previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent research reports. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 28th. Finally, Sanford C. Bernstein raised BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $68.00.

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.