BHP Group Limited (NYSE:BHP) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC trimmed its holdings in shares of BHP Group Limited (NYSE:BHP) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,730 shares of the mining company’s stock after selling 553 shares during the period. EverSource Wealth Advisors LLC’s holdings in BHP Group were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Huntington National Bank boosted its position in BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares during the period. AMG National Trust Bank purchased a new stake in shares of BHP Group in the third quarter worth about $215,000. Baron Wealth Management LLC purchased a new stake in shares of BHP Group in the third quarter worth about $206,000. Caprock Group LLC raised its holdings in shares of BHP Group by 1.3% during the 3rd quarter. Caprock Group LLC now owns 30,330 shares of the mining company’s stock valued at $1,930,000 after buying an additional 396 shares during the period. Finally, SouthState Corp raised its holdings in shares of BHP Group by 4.4% during the 3rd quarter. SouthState Corp now owns 60,915 shares of the mining company’s stock valued at $3,783,000 after buying an additional 2,560 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 0.0 %

BHP stock opened at $50.55 on Wednesday. The company has a market capitalization of $128.17 billion, a P/E ratio of 11.49 and a beta of 0.90. The firm has a 50 day simple moving average of $49.98 and a 200-day simple moving average of $52.62. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s payout ratio is currently 44.77%.

Analyst Ratings Changes

BHP has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, BHP Group has an average rating of “Buy” and a consensus price target of $53.00.

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