Rhumbline Advisers Sells 2,147 Shares of BHP Group Limited (NYSE:BHP)

Rhumbline Advisers lessened its position in shares of BHP Group Limited (NYSE:BHP) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,942 shares of the mining company’s stock after selling 2,147 shares during the period. Rhumbline Advisers’ holdings in BHP Group were worth $1,024,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in BHP Group during the second quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in shares of BHP Group during the 1st quarter worth $29,000. WFA Asset Management Corp bought a new position in BHP Group in the first quarter valued at approximately $31,000. Viking Fund Management LLC bought a new stake in shares of BHP Group during the 1st quarter worth $33,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of BHP Group by 48.9% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BHP. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Citigroup assumed coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

BHP Group Stock Down 2.5 %

BHP opened at $53.79 on Monday. The company’s 50-day moving average price is $54.15 and its two-hundred day moving average price is $56.61. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The stock has a market cap of $136.25 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 3.41 and a beta of 0.96. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a dividend of $1.465 per share. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is presently 59.07%.

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