Cerity Partners LLC Cuts Stock Position in BHP Group Limited (NYSE:BHP)

Cerity Partners LLC cut its position in BHP Group Limited (NYSE:BHP) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 108,253 shares of the mining company’s stock after selling 300 shares during the period. Cerity Partners LLC’s holdings in BHP Group were worth $7,395,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of BHP Group in the fourth quarter worth approximately $232,000. Aaron Wealth Advisors LLC boosted its stake in shares of BHP Group by 32.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,147 shares of the mining company’s stock worth $352,000 after acquiring an additional 1,253 shares during the last quarter. Segment Wealth Management LLC acquired a new stake in shares of BHP Group in the fourth quarter worth approximately $272,000. Sequoia Financial Advisors LLC boosted its stake in shares of BHP Group by 105.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 50,075 shares of the mining company’s stock worth $3,421,000 after acquiring an additional 25,670 shares during the last quarter. Finally, Redwood Wealth Management Group LLC boosted its stake in shares of BHP Group by 11.2% in the fourth quarter. Redwood Wealth Management Group LLC now owns 4,484 shares of the mining company’s stock worth $306,000 after acquiring an additional 450 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.00.

BHP Group Stock Performance

NYSE BHP opened at $59.07 on Tuesday. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The stock’s fifty day moving average is $58.22 and its two-hundred day moving average is $60.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

BHP Group Cuts Dividend

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

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