Sit Investment Associates Inc. Has $1.95 Million Stake in BHP Group Limited (NYSE:BHP)

Sit Investment Associates Inc. cut its stake in BHP Group Limited (NYSE:BHP) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the mining company’s stock after selling 650 shares during the period. Sit Investment Associates Inc.’s holdings in BHP Group were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pitcairn Co. boosted its position in shares of BHP Group by 8.0% during the fourth quarter. Pitcairn Co. now owns 19,504 shares of the mining company’s stock worth $952,000 after buying an additional 1,445 shares during the period. SevenBridge Financial Group LLC lifted its stake in BHP Group by 9.3% in the 4th quarter. SevenBridge Financial Group LLC now owns 18,730 shares of the mining company’s stock valued at $940,000 after acquiring an additional 1,598 shares in the last quarter. Headlands Technologies LLC acquired a new position in BHP Group during the 4th quarter worth approximately $53,000. OLD Mission Capital LLC bought a new position in shares of BHP Group during the 4th quarter worth approximately $5,278,000. Finally, National Bank of Canada FI raised its holdings in shares of BHP Group by 19.7% in the fourth quarter. National Bank of Canada FI now owns 164,809 shares of the mining company’s stock valued at $8,048,000 after purchasing an additional 27,131 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP opened at $42.08 on Monday. The company has a market cap of $106.69 billion, a PE ratio of 9.56 and a beta of 0.90. The firm has a 50-day moving average of $49.71 and a 200-day moving average of $52.23. BHP Group Limited has a one year low of $40.66 and a one 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 firm also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s payout ratio is currently 44.77%.

Analysts Set New Price Targets

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