181,254 Shares in BHP Group Limited (NYSE:BHP) Purchased by Jennison Associates LLC

Jennison Associates LLC acquired a new position in BHP Group Limited (NYSE:BHP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 181,254 shares of the mining company’s stock, valued at approximately $12,381,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after buying an additional 924,202 shares during the period. International Assets Investment Management LLC grew its stake in BHP Group by 6,529.2% during the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after acquiring an additional 457,760 shares in the last quarter. Morgan Stanley increased its holdings in shares of BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after purchasing an additional 126,643 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of BHP Group in the third quarter worth approximately $6,933,000. Finally, FMR LLC grew its position in BHP Group by 10.6% during the third quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock valued at $69,565,000 after purchasing an additional 117,239 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 3.4 %

BHP opened at $57.21 on Friday. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The business has a 50 day moving average price of $57.93 and a 200 day moving average price of $60.20.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a $1.44 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BHP. StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.00.

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