BHP Group Ltd (NYSE:BHP) Shares Sold by Maven Securities LTD

Maven Securities LTD reduced its stake in shares of BHP Group Ltd (NYSE:BHP) by 74.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,017 shares of the mining company’s stock after selling 372,919 shares during the period. BHP Group accounts for about 4.9% of Maven Securities LTD’s holdings, making the stock its 3rd biggest position. Maven Securities LTD’s holdings in BHP Group were worth $7,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BHP. Fisher Asset Management LLC boosted its position in BHP Group by 3.8% during the second quarter. Fisher Asset Management LLC now owns 7,166,822 shares of the mining company’s stock worth $416,464,000 after acquiring an additional 265,025 shares during the last quarter. Lazard Asset Management LLC grew its holdings in BHP Group by 273.7% during the 1st quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock valued at $138,870,000 after purchasing an additional 1,860,489 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of BHP Group by 3.1% during the second quarter. Parametric Portfolio Associates LLC now owns 1,848,292 shares of the mining company’s stock worth $107,404,000 after acquiring an additional 55,916 shares during the last quarter. Segantii Capital Management Ltd increased its holdings in BHP Group by 349.8% during the 2nd quarter. Segantii Capital Management Ltd now owns 1,276,459 shares of the mining company’s stock worth $73,633,000 after purchasing an additional 992,659 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of BHP Group by 0.8% in the second quarter. Aperio Group LLC now owns 1,145,037 shares of the mining company’s stock worth $66,538,000 after buying an additional 8,637 shares during the last quarter. 3.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the stock. Deutsche Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised BHP Group from an “underweight” rating to a “neutral” rating in a research report on Friday, July 12th. Argus reiterated a “buy” rating and issued a $60.00 target price on shares of BHP Group in a research note on Monday, August 26th. Exane BNP Paribas downgraded shares of BHP Group from a “neutral” rating to an “underperform” rating in a report on Thursday, September 5th. Finally, ValuEngine lowered shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $62.00.

BHP traded up $0.19 during trading hours on Wednesday, hitting $50.55. The company’s stock had a trading volume of 179,881 shares, compared to its average volume of 2,027,274. The company has a 50-day simple moving average of $50.56 and a 200 day simple moving average of $53.45. The company has a current ratio of 1.89, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $80.56 billion, a PE ratio of 13.77, a PEG ratio of 2.96 and a beta of 0.88. BHP Group Ltd has a fifty-two week low of $43.19 and a fifty-two week high of $59.02.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Thursday, September 5th. BHP Group’s dividend payout ratio (DPR) is presently 85.25%.

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.

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

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