Insigneo Advisory Services LLC Sells 6,676 Shares of BHP Group Limited (NYSE:BHP)

Insigneo Advisory Services LLC cut its position in shares of BHP Group Limited (NYSE:BHP) by 41.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,254 shares of the mining company’s stock after selling 6,676 shares during the quarter. Insigneo Advisory Services LLC’s holdings in BHP Group were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC boosted its position in shares of BHP Group by 48.9% during the first quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock valued at $35,000 after purchasing an additional 197 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in BHP Group by 2.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after acquiring an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in BHP Group by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after acquiring an additional 202 shares in the last quarter. Ballentine Partners LLC boosted its holdings in BHP Group by 2.6% in the first quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock worth $474,000 after acquiring an additional 205 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its holdings in BHP Group by 1.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after acquiring an additional 208 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BHP shares. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Citigroup started coverage on BHP Group in a report on Friday, May 31st. They issued a “buy” rating on the stock. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three investment 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 company’s stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy”.

BHP Group Stock Performance

BHP Group stock opened at $60.93 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The stock has a fifty day moving average of $54.10 and a 200 day moving average of $56.60.

BHP Group Increases Dividend

The company also recently disclosed 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. This represents a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44.

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