Y Intercept Hong Kong Ltd Sells 25,033 Shares of BHP Group Limited (NYSE:BHP)

Y Intercept Hong Kong Ltd reduced its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 71.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,107 shares of the mining company's stock after selling 25,033 shares during the period. Y Intercept Hong Kong Ltd's holdings in BHP Group were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHP. Huntington National Bank increased its holdings in BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after buying an additional 203 shares during the last quarter. Essex Savings Bank grew its position in shares of BHP Group by 3.0% in the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock valued at $365,000 after acquiring an additional 219 shares during the period. First Horizon Advisors Inc. increased its stake in shares of BHP Group by 4.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock worth $373,000 after purchasing an additional 263 shares during the last quarter. Passumpsic Savings Bank raised its holdings in shares of BHP Group by 7.1% in the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock valued at $238,000 after purchasing an additional 325 shares during the period. Finally, Gleason Group Inc. lifted its stake in BHP Group by 2.4% in the 4th quarter. Gleason Group Inc. now owns 14,155 shares of the mining company's stock valued at $691,000 after purchasing an additional 333 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

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BHP Group Stock Performance

Shares of NYSE:BHP traded down $0.01 during trading on Thursday, reaching $50.70. 1,316,197 shares of the stock were exchanged, compared to its average volume of 2,397,501. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The stock has a 50-day moving average price of $49.82 and a 200-day moving average price of $52.96. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market cap of $128.57 billion, a PE ratio of 11.51 and a beta of 0.95.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid 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 presently 44.77%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BHP shares. 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. Clarkson Capital raised BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group currently has a consensus rating of "Buy" and an average target price of $53.00.

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.