BHP Group Limited (NYSE:BHP) Shares Sold by SouthState Corp

SouthState Corp lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 67.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,037 shares of the mining company’s stock after selling 40,878 shares during the quarter. SouthState Corp’s holdings in BHP Group were worth $978,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank raised its stake in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after buying an additional 203 shares during the last quarter. Adero Partners LLC purchased a new position in shares of BHP Group in the 3rd quarter valued at approximately $243,000. AMG National Trust Bank acquired a new stake in BHP Group in the 3rd quarter worth approximately $215,000. Baron Wealth Management LLC purchased a new stake in BHP Group during the 3rd quarter worth approximately $206,000. Finally, Caprock Group LLC increased its stake in 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 purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 2.1 %

NYSE:BHP opened at $50.51 on Tuesday. The firm has a market capitalization of $128.07 billion, a P/E ratio of 11.48 and a beta of 0.90. The company’s fifty day moving average price is $49.93 and its 200-day moving average price is $52.66. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on BHP shares. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group 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.