BHP Group Limited (NYSE:BHP) Stake Raised by TLS Advisors LLC

TLS Advisors LLC grew its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 175,960 shares of the mining company's stock after acquiring an additional 20,000 shares during the quarter. BHP Group accounts for approximately 19.6% of TLS Advisors LLC's holdings, making the stock its largest holding. TLS Advisors LLC's holdings in BHP Group were worth $8,592,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BHP. Allianz SE acquired a new position in shares of BHP Group in the 4th quarter valued at $51,000. Palogic Value Management L.P. grew its stake in BHP Group by 0.5% during the 4th quarter. Palogic Value Management L.P. now owns 82,496 shares of the mining company's stock valued at $4,028,000 after purchasing an additional 396 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of BHP Group by 19.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 22,347 shares of the mining company's stock valued at $1,091,000 after purchasing an additional 3,659 shares during the period. Norges Bank purchased a new position in shares of BHP Group in the fourth quarter worth about $20,574,000. Finally, Summitry LLC lifted its holdings in shares of BHP Group by 22.8% during the fourth quarter. Summitry LLC now owns 4,158 shares of the mining company's stock worth $203,000 after purchasing an additional 771 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Performance

BHP Group stock traded down $1.06 during midday trading on Wednesday, hitting $47.72. 2,218,761 shares of the company were exchanged, compared to its average volume of 2,589,238. BHP Group Limited has a fifty-two week low of $47.30 and a fifty-two week high of $63.21. The firm has a market capitalization of $121.01 billion, a PE ratio of 10.85 and a beta of 0.90. The business has a fifty day simple moving average of $49.95 and a two-hundred day simple moving average of $52.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

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BHP Group Cuts Dividend

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

Analysts Set New Price Targets

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

BHP Group 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.