Fulton Bank N.A. Purchases New Holdings in BHP Group Limited (NYSE:BHP)

Fulton Bank N.A. purchased a new stake in BHP Group Limited (NYSE:BHP – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,098 shares of the mining company’s stock, valued at approximately $316,000.

Several other institutional investors have also made changes to their positions in the stock. WealthPlan Investment Management LLC bought a new stake in shares of BHP Group in the third quarter valued at approximately $293,000. Bank of New York Mellon Corp lifted its stake in BHP Group by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 71,231 shares of the mining company’s stock worth $3,565,000 after purchasing an additional 1,231 shares during the last quarter. Centaurus Financial Inc. lifted its stake in BHP Group by 17.8% during the third quarter. Centaurus Financial Inc. now owns 9,020 shares of the mining company’s stock worth $451,000 after purchasing an additional 1,360 shares during the last quarter. Toroso Investments LLC lifted its stake in BHP Group by 29.0% during the third quarter. Toroso Investments LLC now owns 517,754 shares of the mining company’s stock worth $25,908,000 after purchasing an additional 116,342 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in BHP Group by 69.6% during the third quarter. Eagle Bay Advisors LLC now owns 1,177 shares of the mining company’s stock worth $59,000 after purchasing an additional 483 shares during the last quarter. 5.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut BHP Group from a “buy” rating to a “neutral” rating in a research note on Thursday, November 24th. Deutsche Bank Aktiengesellschaft upped their target price on BHP Group from GBX 2,200 ($26.81) to GBX 2,300 ($28.03) in a research note on Tuesday, January 10th. Barclays cut their target price on BHP Group from GBX 2,700 ($32.91) to GBX 2,550 ($31.08) in a research note on Wednesday, February 22nd. Berenberg Bank dropped their price target on BHP Group from GBX 3,000 ($36.56) to GBX 2,900 ($35.34) in a research note on Thursday, February 23rd. Finally, UBS Group cut BHP Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 13th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2,211.50.

BHP Group Price Performance

NYSE BHP opened at $57.60 on Friday. BHP Group Limited has a twelve month low of $46.92 and a twelve month high of $79.66. The stock has a fifty day simple moving average of $65.69 and a 200 day simple moving average of $58.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.69.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 30th. Investors of record on Friday, March 10th will be issued a $1.80 dividend. The ex-dividend date is Thursday, March 9th. This represents a yield of 8.7%.

BHP Group Company Profile

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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.