BHP Group Limited (NYSE:BHP) Shares Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. lifted its position in shares of BHP Group Limited (NYSE:BHP) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,496 shares of the mining company’s stock after purchasing an additional 396 shares during the quarter. BHP Group accounts for approximately 1.5% of Palogic Value Management L.P.’s portfolio, making the stock its 14th largest holding. Palogic Value Management L.P.’s holdings in BHP Group were worth $4,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of BHP Group during the fourth quarter worth $29,000. Versant Capital Management Inc acquired a new position in BHP Group in the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group during the 4th quarter worth approximately $46,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of BHP Group in the fourth quarter valued at $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in BHP Group by 42.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after purchasing an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group dropped their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $53.00.

BHP Group Price Performance

BHP stock opened at $48.95 on Friday. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The firm has a market cap of $124.12 billion, a P/E ratio of 11.12 and a beta of 0.90. The stock’s 50 day moving average price is $50.01 and its 200 day moving average price is $52.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

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

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