Augustine Asset Management Inc. Buys Shares of 53,029 BHP Group Limited Sponsored ADR $BHP

Augustine Asset Management Inc. purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 53,029 shares of the mining company’s stock, valued at approximately $3,201,000. BHP Group comprises about 0.6% of Augustine Asset Management Inc.’s portfolio, making the stock its 27th biggest position.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in BHP Group by 230.0% during the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after buying an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after acquiring an additional 2,331 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in BHP Group during the second quarter valued at approximately $228,000. Northwestern Mutual Wealth Management Co. boosted its position in BHP Group by 20.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,999 shares of the mining company’s stock valued at $1,635,000 after purchasing an additional 5,854 shares during the last quarter. Finally, Norges Bank bought a new position in BHP Group in the second quarter valued at approximately $20,262,000. 3.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Sanford C. Bernstein decreased their target price on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.33.

BHP Group Trading Up 1.1%

Shares of NYSE BHP opened at $73.52 on Thursday. The business’s 50 day moving average is $72.52 and its 200-day moving average is $62.82. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $83.21.

BHP Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were given a dividend of $1.46 per share. The ex-dividend date was Friday, March 6th. This represents a yield of 399.0%.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.