BHP Group Limited (NYSE:BHP) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its stake in BHP Group Limited (NYSE:BHP) by 6.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,021 shares of the mining company’s stock after buying an additional 297 shares during the period. Stratos Wealth Partners LTD.’s holdings in BHP Group were worth $343,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BHP. Arrowstreet Capital Limited Partnership boosted its position in shares of BHP Group by 119.7% in 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. Norges Bank acquired a new stake in shares of BHP Group in the fourth quarter worth approximately $174,257,000. Bank of America Corp DE boosted its position in shares of BHP Group by 33.2% in the first quarter. Bank of America Corp DE now owns 3,768,982 shares of the mining company’s stock worth $238,991,000 after acquiring an additional 938,755 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after acquiring an additional 924,202 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of BHP Group by 96.4% in 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. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on BHP. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, BHP Group has an average rating of “Hold” and an average target price of $50.00.

BHP Group Stock Performance

BHP opened at $58.56 on Monday. The firm’s 50 day moving average is $58.23 and its 200-day moving average is $60.12. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.