QRG Capital Management Inc. Raises Stake in BHP Group Limited (NYSE:BHP)

QRG Capital Management Inc. raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,960 shares of the mining company’s stock after acquiring an additional 25,348 shares during the period. QRG Capital Management Inc.’s holdings in BHP Group were worth $7,762,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BHP. XY Capital Ltd grew its holdings in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after buying an additional 633,290 shares during the period. Chartwell Investment Partners LLC bought a new stake in shares of BHP Group in the 3rd quarter valued at about $9,830,000. Finally, ABC Arbitrage SA purchased a new stake in BHP Group during the 4th quarter valued at about $7,655,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $48.43 on Friday. 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 quick ratio of 1.25 and a current ratio of 1.70. The stock’s 50-day moving average is $49.80 and its 200 day moving average is $53.03.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 4.8%.

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.