Private Advisor Group LLC Decreases Stock Holdings in BHP Group Limited (NYSE:BHP)

Private Advisor Group LLC decreased its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 57.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,462 shares of the mining company's stock after selling 5,911 shares during the period. Private Advisor Group LLC's holdings in BHP Group were worth $218,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BHP. Raelipskie Partnership lifted its stake in shares of BHP Group by 10.1% during the 4th quarter. Raelipskie Partnership now owns 18,577 shares of the mining company's stock worth $907,000 after purchasing an additional 1,700 shares during the last quarter. Sierra Ocean LLC bought a new position in BHP Group in the fourth quarter worth about $29,000. Hourglass Capital LLC lifted its position in shares of BHP Group by 2.2% during the fourth quarter. Hourglass Capital LLC now owns 79,266 shares of the mining company's stock valued at $3,871,000 after buying an additional 1,700 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of BHP Group by 15.4% in the 4th quarter. Principal Securities Inc. now owns 7,809 shares of the mining company's stock valued at $381,000 after buying an additional 1,043 shares in the last quarter. Finally, BXM Wealth LLC bought a new stake in shares of BHP Group in the 4th quarter valued at about $286,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BHP. Jefferies Financial Group decreased their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $53.00.

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BHP Group Stock Performance

Shares of NYSE BHP traded down $0.56 during mid-day trading on Monday, hitting $49.60. The stock had a trading volume of 5,067,796 shares, compared to its average volume of 2,411,477. The company has a 50 day moving average of $49.86 and a two-hundred day moving average of $52.89. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market cap of $125.78 billion, a PE ratio of 11.27 and a beta of 0.90.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be paid a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group's payout ratio is 44.77%.

About BHP Group

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.