BHP Group Ltd (BHP) Shares Sold by BlackRock Inc.

BlackRock Inc. reduced its stake in BHP Group Ltd (NYSE:BHP) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,699 shares of the mining company’s stock after selling 102,009 shares during the period. BlackRock Inc.’s holdings in BHP Group were worth $9,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of BHP. Belpointe Asset Management LLC boosted its position in BHP Group by 62.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 8,712 shares of the mining company’s stock worth $434,000 after buying an additional 3,338 shares during the period. Renaissance Technologies LLC acquired a new stake in BHP Group during the 3rd quarter worth approximately $12,445,000. Quadrant Capital Group LLC boosted its position in BHP Group by 114.5% during the 4th quarter. Quadrant Capital Group LLC now owns 21,588 shares of the mining company’s stock worth $1,028,000 after buying an additional 11,526 shares during the period. Berkeley Capital Partners LLC boosted its position in BHP Group by 21.7% during the 4th quarter. Berkeley Capital Partners LLC now owns 15,657 shares of the mining company’s stock worth $756,000 after buying an additional 2,794 shares during the period. Finally, Scout Investments Inc. boosted its position in BHP Group by 17.3% during the 4th quarter. Scout Investments Inc. now owns 380,844 shares of the mining company’s stock worth $18,391,000 after buying an additional 56,199 shares during the period. Institutional investors own 3.81% of the company’s stock.

BHP has been the topic of several recent research reports. Deutsche Bank downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Goldman Sachs Group downgraded shares of BHP Group from a “conviction-buy” rating to a “buy” rating in a research report on Monday, January 14th. Jefferies Financial Group upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. JPMorgan Chase & Co. downgraded shares of BHP Group from a “neutral” rating to an “underweight” rating in a research 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 research report on Thursday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.00.

Shares of NYSE BHP opened at $54.95 on Monday. The company has a market capitalization of $88.25 billion, a PE ratio of 16.35, a PEG ratio of 2.80 and a beta of 0.80. BHP Group Ltd has a 52-week low of $43.19 and a 52-week high of $57.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/22/bhp-group-ltd-bhp-shares-sold-by-blackrock-inc.html.

About BHP Group

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.

Further Reading: What are the reasons investors use put options?

Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Ltd (NYSE:BHP).

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

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.