Optimist Retirement Group LLC Buys 8,126 Shares of BHP Group Limited (NYSE:BHP)

Optimist Retirement Group LLC grew its position in BHP Group Limited (NYSE:BHP) by 32.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,391 shares of the mining company’s stock after purchasing an additional 8,126 shares during the quarter. Optimist Retirement Group LLC’s holdings in BHP Group were worth $1,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BHP. Shorepath Capital Management LLC acquired a new position in BHP Group during the 4th quarter worth $4,354,000. Addenda Capital Inc. lifted its position in shares of BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after purchasing an additional 23,968 shares during the last quarter. Virtu Financial LLC bought a new stake in BHP Group during the 1st quarter valued at approximately $1,953,000. Quantbot Technologies LP grew its holdings in BHP Group by 104.7% in the 1st quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock valued at $1,894,000 after buying an additional 16,788 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in BHP Group by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after buying an additional 551,575 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP opened at $53.08 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $54.32 and its two-hundred day moving average price is $56.67. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11.

BHP Group Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday. Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup initiated 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 BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy”.

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.