3,693 Shares in BHP Group Limited (NYSE:BHP) Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC purchased a new position in BHP Group Limited (NYSE:BHP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,693 shares of the mining company’s stock, valued at approximately $252,000.

Several other hedge funds have also made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after purchasing an additional 126,643 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after purchasing an additional 924,202 shares during the last quarter. FMR LLC increased its position in BHP Group by 10.6% in the 3rd quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock valued at $69,565,000 after acquiring an additional 117,239 shares during the period. Westwood Global Investments LLC increased its position in BHP Group by 2.1% in the 3rd quarter. Westwood Global Investments LLC now owns 998,872 shares of the mining company’s stock valued at $56,816,000 after acquiring an additional 20,412 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in BHP Group by 15.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 669,915 shares of the mining company’s stock valued at $38,105,000 after acquiring an additional 88,907 shares during the period. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

BHP has been the topic of several analyst reports. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.00.

BHP Group Stock Down 1.6 %

Shares of BHP stock opened at $57.60 on Tuesday. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11. The business’s fifty day moving average is $57.99 and its 200-day moving average is $60.22. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $1.44 per share. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

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.