Simmons Bank Sells 6,116 Shares of BHP Group Limited (NYSE:BHP)

Simmons Bank lessened its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,937 shares of the mining company's stock after selling 6,116 shares during the quarter. Simmons Bank's holdings in BHP Group were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after buying an additional 109,337 shares in the last quarter. FMR LLC raised its position in BHP Group by 10.0% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. raised its position in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in BHP Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after purchasing an additional 22,677 shares during the last quarter. Finally, XY Capital Ltd raised its position in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after purchasing an additional 768,972 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Down 1.9 %

Shares of BHP stock traded down $0.94 on Friday, reaching $48.43. 3,056,061 shares of the stock were exchanged, compared to its average volume of 2,422,901. The stock has a market cap of $122.79 billion, a PE ratio of 11.01 and a beta of 0.95. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock has a 50 day moving average price of $49.80 and a 200 day moving average price of $53.02.

BHP Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BHP. Jefferies Financial Group cut their price objective 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. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.