BHP Group Limited (NYSE:BHP) Stock Position Cut by Marco Investment Management LLC

Marco Investment Management LLC lessened its stake in BHP Group Limited (NYSE:BHP) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,309 shares of the mining company’s stock after selling 1,200 shares during the period. Marco Investment Management LLC’s holdings in BHP Group were worth $1,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC grew its position in BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after buying an additional 280,258 shares in the last quarter. Wellington Management Group LLP grew its position in BHP Group by 13.0% in the 3rd 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 in the last quarter. FMR LLC grew its position in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares in the last quarter. XY Capital Ltd grew its position in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP stock opened at $50.67 on Friday. 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 one year low of $48.06 and a one year high of $63.21. The firm has a market capitalization of $128.49 billion, a PE ratio of 11.52 and a beta of 0.95. The firm has a 50-day moving average of $49.84 and a two-hundred day moving average of $52.94.

BHP Group Cuts Dividend

The business also recently declared 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 dividend payout ratio (DPR) is 44.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BHP shares. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group cut their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $53.00.

About BHP Group

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.