CapWealth Advisors LLC Takes Position in BHP Group Limited (NYSE:BHP)

CapWealth Advisors LLC bought a new stake in BHP Group Limited (NYSE:BHP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the mining company’s stock, valued at approximately $228,000.

Other institutional investors also recently modified their holdings of the company. Shorepath Capital Management LLC bought a new position in BHP Group in the 4th quarter worth approximately $4,354,000. Moran Wealth Management LLC raised its position in BHP Group by 10.3% in the 4th quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock worth $30,717,000 after purchasing an additional 42,021 shares during the last quarter. Addenda Capital Inc. raised its position in BHP Group by 27.1% in the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after purchasing an additional 23,968 shares during the last quarter. Virtu Financial LLC bought a new position in BHP Group in the 1st quarter worth approximately $1,953,000. Finally, Quantbot Technologies LP raised its position in BHP Group by 104.7% in the 1st quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock worth $1,894,000 after purchasing an additional 16,788 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup started coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating for the company. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $52.52 on Friday. BHP Group Limited has a 52 week low of $51.73 and a 52 week high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $55.37 and a two-hundred day moving average of $57.02.

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 issued a $1.465 dividend. This is a positive change 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%.

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.