NINE MASTS CAPITAL Ltd Sells 3,433 Shares of BHP Group Limited (NYSE:BHP)

NINE MASTS CAPITAL Ltd lessened its position in shares of BHP Group Limited (NYSE:BHP) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,608 shares of the mining company’s stock after selling 3,433 shares during the quarter. BHP Group comprises 0.6% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 26th biggest position. NINE MASTS CAPITAL Ltd’s holdings in BHP Group were worth $2,198,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in BHP Group by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after purchasing an additional 551,575 shares in the last quarter. Wellington Management Group LLP increased its stake in BHP Group by 46.6% during the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after purchasing an additional 1,395,940 shares in the last quarter. Norges Bank acquired a new position in BHP Group during the 4th quarter valued at approximately $191,837,000. Westwood Global Investments LLC increased its stake in BHP Group by 1.3% during the 1st quarter. Westwood Global Investments LLC now owns 1,168,988 shares of the mining company’s stock valued at $67,439,000 after purchasing an additional 14,691 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in BHP Group by 80.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock valued at $64,348,000 after purchasing an additional 420,550 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the topic of several recent research reports. Citigroup initiated coverage on shares of BHP Group in a report on Friday, May 31st. They issued a “buy” rating on the stock. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

BHP Group Stock Up 2.9 %

BHP stock opened at $52.80 on Thursday. The firm’s fifty day simple moving average is $54.88 and its 200-day simple moving average is $56.82. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.