Parallel Advisors LLC Purchases 1,325 Shares of BHP Group Limited (NYSE:BHP)

Parallel Advisors LLC boosted its position in shares of BHP Group Limited (NYSE:BHP) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,275 shares of the mining company’s stock after purchasing an additional 1,325 shares during the period. Parallel Advisors LLC’s holdings in BHP Group were worth $697,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BHP. Wellington Management Group LLP increased its holdings in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares in the last quarter. Fisher Asset Management LLC increased its holdings in BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares in the last quarter. Raymond James Financial Inc. bought a new position in BHP Group during the 4th quarter worth about $25,878,000. SPX Gestao de Recursos Ltda bought a new position in BHP Group during the 4th quarter worth about $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of BHP Group during the 4th quarter worth about $8,795,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reduced 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 note on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $53.00.

BHP Group Trading Down 1.5 %

Shares of NYSE:BHP opened at $49.30 on Friday. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The company has a market capitalization of $125.02 billion, a P/E ratio of 11.21 and a beta of 0.90. The company has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $52.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

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

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.