PFG Advisors Invests $252,000 in BHP Group Ltd (NYSE:BHP)

PFG Advisors acquired a new position in BHP Group Ltd (NYSE:BHP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,912 shares of the mining company’s stock, valued at approximately $252,000.

Several other large investors have also added to or reduced their stakes in the company. Millennium Management LLC grew its position in BHP Group by 405.6% during the fourth quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock valued at $88,844,000 after buying an additional 1,475,921 shares during the period. Covington Capital Management grew its position in BHP Group by 0.9% during the fourth quarter. Covington Capital Management now owns 49,220 shares of the mining company’s stock valued at $2,377,000 after buying an additional 415 shares during the period. Bluefin Trading LLC acquired a new stake in BHP Group during the fourth quarter valued at $1,860,000. Westwood Global Investments LLC grew its position in BHP Group by 32.8% during the fourth quarter. Westwood Global Investments LLC now owns 600,001 shares of the mining company’s stock valued at $30,714,000 after buying an additional 148,323 shares during the period. Finally, Sontag Advisory LLC acquired a new stake in BHP Group during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 3.81% of the company’s stock.

BHP has been the topic of several analyst reports. Deutsche Bank downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Goldman Sachs Group downgraded shares of BHP Group from a “conviction-buy” rating to a “buy” rating in a report on Monday, January 14th. Jefferies Financial Group raised shares of BHP Group from a “hold” rating to a “buy” rating in a report on Monday, January 28th. JPMorgan Chase & Co. downgraded shares of BHP Group from a “neutral” rating to an “underweight” rating in a report on Monday, February 4th. They noted that the move was a valuation call. Finally, CLSA downgraded shares of BHP Group from an “outperform” rating to an “underperform” rating in a report on Thursday, February 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $64.00.

BHP stock traded down $0.17 during trading on Friday, reaching $54.95. 1,137,371 shares of the stock were exchanged, compared to its average volume of 2,071,652. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16. BHP Group Ltd has a 1 year low of $43.19 and a 1 year high of $57.25. The company has a market capitalization of $88.25 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.80 and a beta of 0.80.

The company also recently announced a special dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $1.10 per share. This represents a yield of 4.65%. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s dividend payout ratio (DPR) is presently 65.48%.

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BHP Group Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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