Syon Capital LLC Sells 9,944 Shares of BHP Group Limited (NYSE:BHP)

Syon Capital LLC cut its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,038 shares of the mining company's stock after selling 9,944 shares during the period. Syon Capital LLC's holdings in BHP Group were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after acquiring an additional 109,337 shares in the last quarter. Passumpsic Savings Bank boosted its stake in BHP Group by 8.3% in the 3rd quarter. Passumpsic Savings Bank now owns 4,548 shares of the mining company's stock worth $282,000 after purchasing an additional 349 shares during the period. Wilmington Savings Fund Society FSB bought a new position in BHP Group during the 3rd quarter worth about $114,000. Optimist Retirement Group LLC raised its stake in shares of BHP Group by 16.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 38,823 shares of the mining company's stock valued at $2,411,000 after purchasing an additional 5,432 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of BHP Group by 21.8% in the third quarter. Tidal Investments LLC now owns 141,455 shares of the mining company's stock valued at $8,786,000 after purchasing an additional 25,342 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

BHP Group Stock Down 2.3 %

BHP traded down $1.13 on Friday, hitting $48.18. 3,407,097 shares of the company were exchanged, compared to its average volume of 2,523,141. 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 stock's fifty day moving average is $48.05 and its 200-day moving average is $50.70. The company has a market cap of $122.17 billion, a PE ratio of 10.95 and a beta of 0.85. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21.

BHP Group Cuts Dividend

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