Natixis Advisors LLC Has $14.05 Million Holdings in BHP Group Limited (NYSE:BHP)

Natixis Advisors LLC raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,804 shares of the mining company’s stock after acquiring an additional 26,013 shares during the quarter. Natixis Advisors LLC’s holdings in BHP Group were worth $14,054,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BHP. Barclays PLC lifted its position in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after buying an additional 109,337 shares in the last quarter. FMR LLC raised its holdings in shares of BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. boosted its position in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after purchasing an additional 22,677 shares in the last quarter. Finally, Range Financial Group LLC acquired a new position in BHP Group in the 4th quarter worth about $1,301,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BHP has been the subject of several research reports. StockNews.com lowered 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 research report on Friday, February 28th. Finally, 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $53.00.

BHP Group Trading Down 0.8 %

Shares of BHP stock opened at $50.11 on Thursday. The business’s 50 day moving average is $50.01 and its two-hundred day moving average is $52.61. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a market cap of $127.07 billion, a PE ratio of 11.39 and a beta of 0.90.

BHP Group Cuts Dividend

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

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.