Verition Fund Management LLC Acquires Shares of 5,362 BHP Group Limited (NYSE:BHP)

Verition Fund Management LLC acquired a new stake in BHP Group Limited (NYSE:BHP – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,362 shares of the mining company’s stock, valued at approximately $268,000.

Several other hedge funds also recently added to or reduced their stakes in BHP. Arrowstreet Capital Limited Partnership increased its position in shares of BHP Group by 119.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock worth $798,672,000 after acquiring an additional 5,632,545 shares during the last quarter. Bank of Montreal Can increased its position in shares of BHP Group by 233.4% during the third quarter. Bank of Montreal Can now owns 1,192,159 shares of the mining company’s stock worth $63,054,000 after acquiring an additional 834,544 shares during the last quarter. Franklin Resources Inc. increased its position in shares of BHP Group by 53.7% during the second quarter. Franklin Resources Inc. now owns 2,302,142 shares of the mining company’s stock worth $129,334,000 after acquiring an additional 804,469 shares during the last quarter. Royal Bank of Canada increased its position in shares of BHP Group by 96.4% during the first quarter. Royal Bank of Canada now owns 1,463,194 shares of the mining company’s stock worth $113,033,000 after acquiring an additional 718,247 shares during the last quarter. Finally, UBS Group AG increased its position in shares of BHP Group by 646.4% during the second quarter. UBS Group AG now owns 525,386 shares of the mining company’s stock worth $29,516,000 after acquiring an additional 621,544 shares during the last quarter. 5.90% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Down 4.0 %

Shares of BHP stock opened at $60.73 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.69. The business has a 50 day moving average of $66.14 and a two-hundred day moving average of $58.93. BHP Group Limited has a 52 week low of $46.92 and a 52 week high of $79.66.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 30th. Stockholders of record on Friday, March 10th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a dividend yield of 8.7%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on BHP Group from GBX 2,200 ($26.46) to GBX 2,300 ($27.66) in a research note on Tuesday, January 10th. Berenberg Bank decreased their price target on BHP Group from GBX 3,000 ($36.08) to GBX 2,900 ($34.87) in a research note on Thursday, February 23rd. UBS Group downgraded BHP Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 13th. JPMorgan Chase & Co. lifted their price target on BHP Group from GBX 2,500 ($30.06) to GBX 2,510 ($30.18) in a research note on Wednesday, February 22nd. Finally, Barclays decreased their price target on BHP Group from GBX 2,700 ($32.47) to GBX 2,550 ($30.66) in a research note on Wednesday, February 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and a consensus price target of $2,211.50.

About BHP Group

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BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.