Factory Mutual Insurance Co. Acquires New Stake in BHP Group Limited Sponsored ADR $BHP

Factory Mutual Insurance Co. bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 89,252 shares of the mining company’s stock, valued at approximately $4,976,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of BHP Group by 230.0% during the first 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. boosted its position in BHP Group by 20.7% during the 1st 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 during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of BHP Group by 3.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,498 shares of the mining company’s stock worth $361,000 after acquiring an additional 275 shares in the last quarter. Ethic Inc. raised its holdings in shares of BHP Group by 30.3% in the second quarter. Ethic Inc. now owns 8,472 shares of the mining company’s stock valued at $412,000 after purchasing an additional 1,972 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in shares of BHP Group by 11.7% in the second quarter. 180 Wealth Advisors LLC now owns 24,260 shares of the mining company’s stock worth $1,167,000 after purchasing an additional 2,543 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BHP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Wednesday. Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, December 30th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Tuesday, February 10th. Finally, Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.00.

BHP Group Price Performance

BHP stock opened at $75.08 on Friday. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $75.54. The business’s 50 day simple moving average is $65.95 and its 200 day simple moving average is $58.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.11.

BHP Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 6th will be issued a dividend of $1.46 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 399.0%.

BHP Group Company 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.