Corient Private Wealth LLC Sells 11,002 Shares of BHP Group Limited (NYSE:BHP)

Corient Private Wealth LLC reduced its holdings in shares of BHP Group Limited (NYSE:BHP) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,713 shares of the mining company’s stock after selling 11,002 shares during the quarter. Corient Private Wealth LLC’s holdings in BHP Group were worth $18,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BHP. Huntington National Bank lifted 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 acquiring an additional 203 shares during the period. AMG National Trust Bank bought a new position in BHP Group in the third quarter valued at about $215,000. Baron Wealth Management LLC bought a new position in BHP Group in the third quarter valued at 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 valued at $1,930,000 after acquiring an additional 396 shares during the period. Finally, SouthState Corp lifted its holdings 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 owned by institutional investors.

BHP Group Stock Performance

Shares of BHP opened at $50.55 on Wednesday. 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 business has a 50-day simple moving average of $49.98 and a two-hundred day simple moving average of $52.62. The stock has a market cap of $128.17 billion, a price-to-earnings ratio of 11.49 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.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given 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

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

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