BHP Group Limited (NYSE:BHP) Stake Trimmed by Greenline Partners LLC

Greenline Partners LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,860 shares of the mining company’s stock after selling 635 shares during the quarter. BHP Group makes up 1.2% of Greenline Partners LLC’s investment portfolio, making the stock its 24th largest holding. Greenline Partners LLC’s holdings in BHP Group were worth $8,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Fisher Asset Management LLC grew its stake in BHP Group by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after acquiring an additional 551,575 shares in the last quarter. Wellington Management Group LLP grew its stake in BHP Group by 46.6% during the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after acquiring an additional 1,395,940 shares in the last quarter. Westwood Global Investments LLC grew its stake in BHP Group by 4.4% during the 2nd quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock valued at $69,664,000 after acquiring an additional 51,263 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in BHP Group by 80.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock valued at $64,348,000 after acquiring an additional 420,550 shares in the last quarter. Finally, Capital International Investors grew its stake in BHP Group by 42.4% during the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock valued at $43,685,000 after acquiring an additional 225,428 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

BHP has been the topic of several research analyst reports. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Citigroup initiated coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

BHP Group Trading Down 2.5 %

Shares of NYSE BHP opened at $53.79 on Friday. 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 business has a 50 day simple moving average of $54.15 and a 200 day simple moving average of $56.63. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

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

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.