BHP Group Limited (NYSE:BHP) Stock Holdings Increased by Syon Capital LLC

Syon Capital LLC raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 14.0% during the 4th quarter, Holdings Channel reports. The fund owned 43,024 shares of the mining company’s stock after purchasing an additional 5,279 shares during the period. Syon Capital LLC’s holdings in BHP Group were worth $2,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after buying an additional 924,202 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of BHP Group by 6,529.2% in the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after buying an additional 457,760 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of BHP Group in the 4th quarter worth $12,381,000. Morgan Stanley raised its stake in shares of BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after buying an additional 126,643 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of BHP Group in the 3rd quarter worth $6,933,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock traded down $0.78 on Friday, reaching $56.43. 4,051,100 shares of the company’s stock traded hands, compared to its average volume of 2,639,167. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The business’s 50 day moving average price is $57.93 and its two-hundred day moving average price is $60.20.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $1.44 per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 5.2%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BHP. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus target price of $50.00.

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.