Evergreen Capital Management LLC Boosts Holdings in BHP Group Limited (NYSE:BHP)

Evergreen Capital Management LLC raised its position in BHP Group Limited (NYSE:BHP) by 52.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,109 shares of the mining company’s stock after acquiring an additional 6,203 shares during the period. Evergreen Capital Management LLC’s holdings in BHP Group were worth $884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in BHP Group in the 4th quarter valued at approximately $29,000. Versant Capital Management Inc purchased a new position in BHP Group in the fourth quarter worth $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group in the fourth quarter valued at $46,000. Allianz SE acquired a new position in shares of BHP Group during the 4th quarter worth $51,000. Finally, Headlands Technologies LLC purchased a new position in shares of BHP Group in the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group dropped their target price 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. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two research 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. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.00.

BHP Group Stock Up 2.1 %

BHP opened at $46.59 on Friday. The business’s fifty day simple moving average is $48.47 and its 200 day simple moving average is $51.29. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The firm has a market cap of $118.14 billion, a P/E ratio of 10.59 and a beta of 0.85. 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 Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were given a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s dividend payout ratio is presently 44.77%.

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.