EverSource Wealth Advisors LLC Boosts Holdings in BHP Group Limited (NYSE:BHP)

EverSource Wealth Advisors LLC raised its position in BHP Group Limited (NYSE:BHP) by 35.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,378 shares of the mining company’s stock after purchasing an additional 625 shares during the period. EverSource Wealth Advisors LLC’s holdings in BHP Group were worth $132,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in BHP Group by 52.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,119 shares of the mining company’s stock valued at $5,541,000 after purchasing an additional 27,945 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of BHP Group by 7.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 22,617 shares of the mining company’s stock valued at $1,493,000 after buying an additional 1,646 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in shares of BHP Group during the 4th quarter worth $223,000. Parallel Advisors LLC grew its position in BHP Group by 16.9% in the fourth quarter. Parallel Advisors LLC now owns 11,937 shares of the mining company’s stock worth $815,000 after acquiring an additional 1,730 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in BHP Group by 13.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,963 shares of the mining company’s stock valued at $1,637,000 after acquiring an additional 2,776 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Trading Up 5.5 %

Shares of BHP Group stock opened at $60.93 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company’s fifty day simple moving average is $54.10 and its two-hundred day simple moving average is $56.60. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be given a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44.

Analyst Ratings Changes

BHP has been the subject of several research analyst reports. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup began coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

BHP Group 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.