Parallel Advisors LLC Has $732,000 Holdings in BHP Group Limited (NYSE:BHP)

Parallel Advisors LLC grew its stake in BHP Group Limited (NYSE:BHP) by 27.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,830 shares of the mining company’s stock after buying an additional 2,728 shares during the quarter. Parallel Advisors LLC’s holdings in BHP Group were worth $732,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in BHP Group by 127.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,650 shares of the mining company’s stock worth $181,000 after purchasing an additional 1,485 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of BHP Group by 52.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,119 shares of the mining company’s stock worth $5,541,000 after buying an additional 27,945 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BHP Group by 28.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,640 shares of the mining company’s stock worth $727,000 after buying an additional 2,342 shares in the last quarter. Janney Montgomery Scott LLC raised its position in BHP Group by 2.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 49,004 shares of the mining company’s stock valued at $3,348,000 after buying an additional 1,105 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in BHP Group by 18.5% in the 4th quarter. Panagora Asset Management Inc. now owns 49,036 shares of the mining company’s stock valued at $3,350,000 after acquiring an additional 7,651 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

BHP Group Price Performance

NYSE BHP opened at $53.55 on Tuesday. The firm’s fifty day moving average price is $54.53 and its two-hundred day moving average price is $56.73. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. 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 firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a dividend of $1.465 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44.

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.