SouthState Corp Has $978,000 Stock Position in BHP Group Limited (NYSE:BHP)

SouthState Corp reduced its position in BHP Group Limited (NYSE:BHP - Free Report) by 67.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,037 shares of the mining company's stock after selling 40,878 shares during the period. SouthState Corp's holdings in BHP Group were worth $978,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in BHP Group in the fourth quarter worth $29,000. Versant Capital Management Inc bought a new stake in shares of BHP Group during the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group during the 4th quarter valued at about $46,000. Newbridge Financial Services Group Inc. bought a new stake in BHP Group during the fourth quarter worth approximately $54,000. Finally, Rothschild Investment LLC grew its stake in BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company's stock valued at $64,000 after buying an additional 708 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BHP. Jefferies Financial Group lowered their price target 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. StockNews.com lowered 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 research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $53.00.

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BHP Group Stock Performance

BHP traded down $0.09 on Friday, hitting $49.23. 2,241,386 shares of the stock traded hands, compared to its average volume of 2,407,540. The business has a fifty day moving average price of $50.02 and a two-hundred day moving average price of $52.58. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The firm has a market capitalization of $124.82 billion, a PE ratio of 11.19 and a beta of 0.90.

BHP Group Cuts Dividend

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

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.