Security National Bank Increases Stock Position in BHP Group Limited (NYSE:BHP)

Security National Bank raised its position in shares of BHP Group Limited (NYSE:BHP) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,141 shares of the mining company’s stock after purchasing an additional 1,581 shares during the quarter. Security National Bank’s holdings in BHP Group were worth $2,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BHP. The Manufacturers Life Insurance Company increased its stake in BHP Group by 0.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 263,771 shares of the mining company’s stock worth $18,018,000 after buying an additional 1,157 shares during the period. XML Financial LLC boosted its holdings in BHP Group by 3.8% in the 4th quarter. XML Financial LLC now owns 15,256 shares of the mining company’s stock worth $1,042,000 after buying an additional 556 shares during the last quarter. Cullen Capital Management LLC acquired a new position in shares of BHP Group during the 4th quarter worth approximately $19,294,000. Garner Asset Management Corp acquired a new stake in BHP Group during the fourth quarter worth $850,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in BHP Group in the 4th quarter valued at approximately $428,000. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BHP shares. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Argus raised shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $72.00 to $68.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Trading Up 0.4 %

NYSE BHP opened at $60.81 on Tuesday. The firm has a market cap of $154.01 billion, a P/E ratio of 12.51, a P/E/G ratio of 3.52 and a beta of 0.96. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The stock’s 50-day moving average is $54.98 and its 200-day moving average is $56.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were paid a dividend of $1.465 per share. This represents a yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th. BHP Group’s dividend payout ratio is presently 60.29%.

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