BHP Group Limited Sponsored ADR $BHP Shares Sold by Highline Wealth Partners LLC

Highline Wealth Partners LLC trimmed its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 95.9% during the fourth quarter, HoldingsChannel reports. The fund owned 431 shares of the mining company’s stock after selling 9,956 shares during the quarter. Highline Wealth Partners LLC’s holdings in BHP Group were worth $26,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BHP. Nisa Investment Advisors LLC increased its holdings in BHP Group by 16.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,628 shares of the mining company’s stock valued at $98,000 after buying an additional 228 shares during the last quarter. Shrier Wealth Management LLC acquired a new stake in BHP Group during the fourth quarter valued at approximately $2,630,000. Royal Fund Management LLC lifted its holdings in BHP Group by 26.3% during the 4th quarter. Royal Fund Management LLC now owns 27,497 shares of the mining company’s stock worth $1,660,000 after buying an additional 5,725 shares during the last quarter. Range Financial Group LLC grew its position in shares of BHP Group by 4.0% in the 4th quarter. Range Financial Group LLC now owns 9,710 shares of the mining company’s stock worth $586,000 after acquiring an additional 370 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of BHP Group by 41.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,137 shares of the mining company’s stock worth $1,203,000 after acquiring an additional 5,613 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 5.2%

NYSE:BHP opened at $72.63 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $72.36 and a 200-day moving average of $62.75. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $83.21.

BHP Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were paid a dividend of $1.46 per share. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

Wall Street Analyst Weigh In

BHP has been the topic of several research reports. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Tuesday, February 10th. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Sanford C. Bernstein lowered their target price on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Finally, Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.33.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.