Aspen Wealth Strategies LLC Cuts Position in BHP Group Limited (NYSE:BHP)

Aspen Wealth Strategies LLC decreased its holdings in BHP Group Limited (NYSE:BHP) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,229 shares of the mining company’s stock after selling 792 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in BHP Group were worth $255,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank grew its holdings in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares during the last quarter. Kovack Advisors Inc. grew its holdings in BHP Group by 5.2% in the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock valued at $213,000 after purchasing an additional 215 shares during the last quarter. Essex Savings Bank grew its holdings in BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares during the last quarter. Finally, Passumpsic Savings Bank grew its holdings in BHP Group by 7.1% in the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock valued at $238,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 2.1 %

BHP opened at $50.51 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The firm has a market cap of $128.07 billion, a P/E ratio of 11.48 and a beta of 0.90. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The business’s fifty day simple moving average is $49.93 and its 200 day simple moving average is $52.66.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s payout ratio is 44.77%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BHP. Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group 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.