BHP Group Limited (NYSE:BHP) Holdings Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its position in shares of BHP Group Limited (NYSE:BHP) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the mining company’s stock after selling 553 shares during the period. EverSource Wealth Advisors LLC’s holdings in BHP Group were worth $84,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its holdings in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares during the period. AMG National Trust Bank bought a new stake in shares of BHP Group during the 3rd quarter valued at about $215,000. Baron Wealth Management LLC acquired a new stake in BHP Group during the third quarter worth about $206,000. Caprock Group LLC lifted its holdings in BHP Group by 1.3% in the third quarter. Caprock Group LLC now owns 30,330 shares of the mining company’s stock worth $1,930,000 after acquiring an additional 396 shares during the last quarter. Finally, SouthState Corp boosted its stake in BHP Group by 4.4% in the third quarter. SouthState Corp now owns 60,915 shares of the mining company’s stock valued at $3,783,000 after acquiring an additional 2,560 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

BHP Group Stock Down 0.0 %

Shares of BHP Group stock opened at $50.55 on Wednesday. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a market capitalization of $128.17 billion, a P/E ratio of 11.49 and a beta of 0.90. The business’s fifty day moving average price is $49.98 and its two-hundred day moving average price is $52.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued 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 currently 44.77%.

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.