GAMMA Investing LLC Raises Stock Position in BHP Group Limited Sponsored ADR $BHP

GAMMA Investing LLC lifted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,315 shares of the mining company’s stock after buying an additional 416 shares during the quarter. GAMMA Investing LLC’s holdings in BHP Group were worth $159,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. NBT Bank N A NY lifted its position in shares of BHP Group by 10.1% during the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company’s stock worth $114,000 after buying an additional 216 shares during the last quarter. Wedmont Private Capital lifted its position in shares of BHP Group by 4.2% during the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company’s stock worth $307,000 after buying an additional 276 shares during the last quarter. Gleason Group Inc. lifted its position in shares of BHP Group by 2.0% during the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company’s stock worth $701,000 after buying an additional 280 shares during the last quarter. Essex Savings Bank raised its position in BHP Group by 3.8% in the 1st quarter. Essex Savings Bank now owns 7,764 shares of the mining company’s stock valued at $377,000 after purchasing an additional 281 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in BHP Group by 2.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock valued at $477,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $56.18 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock has a market cap of $142.58 billion, a PE ratio of 12.77 and a beta of 0.81. The firm’s fifty day simple moving average is $53.87 and its 200-day simple moving average is $50.42.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a dividend of $1.185 per share. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 441.0%. BHP Group’s dividend payout ratio is currently 53.86%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BHP. BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Berenberg Bank reiterated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. Argus downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BHP Group has an average rating of “Hold” and a consensus target price of $48.50.

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