BHP Group Limited (NYSE:BHP) Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its stake in BHP Group Limited (NYSE:BHP) by 52.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,109 shares of the mining company’s stock after acquiring an additional 6,203 shares during the quarter. Evergreen Capital Management LLC’s holdings in BHP Group were worth $884,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of BHP Group by 1.4% in the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company’s stock worth $677,000 after buying an additional 195 shares during the period. Invesco Ltd. lifted its stake in shares of BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company’s stock valued at $544,000 after purchasing an additional 198 shares in the last quarter. Kovack Advisors Inc. increased its position in BHP Group by 5.2% during the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock worth $213,000 after purchasing an additional 215 shares in the last quarter. Essex Savings Bank raised its holdings in BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after buying an additional 219 shares during the period. Finally, Passumpsic Savings Bank grew its stake in BHP Group by 7.1% during the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock worth $238,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

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

BHP Group Price Performance

Shares of NYSE BHP opened at $46.59 on Friday. The business has a 50 day moving average price of $48.47 and a two-hundred day moving average price of $51.29. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The firm has a market cap of $118.14 billion, a PE ratio of 10.59 and a beta of 0.85. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

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

BHP Group Company 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.