Kessler Investment Group LLC Sells 7,770 Shares of BHP Group Limited Sponsored ADR $BHP

Kessler Investment Group LLC lowered its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 7.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 91,349 shares of the mining company’s stock after selling 7,770 shares during the period. BHP Group makes up approximately 3.5% of Kessler Investment Group LLC’s holdings, making the stock its 9th largest holding. Kessler Investment Group LLC’s holdings in BHP Group were worth $7,750,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Main Street Research LLC acquired a new position in BHP Group in the first quarter valued at approximately $37,767,000. Norges Bank acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $25,436,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of BHP Group in the 1st quarter valued at $18,591,000. Y Intercept Hong Kong Ltd increased its stake in shares of BHP Group by 247.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 325,416 shares of the mining company’s stock valued at $19,645,000 after acquiring an additional 231,845 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of BHP Group by 17.9% during the 1st quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company’s stock valued at $90,153,000 after acquiring an additional 188,446 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Thursday, September 10th. Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen downgraded BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $78.00.

BHP Group Price Performance

NYSE BHP traded down $0.81 during mid-day trading on Thursday, hitting $84.41. The company’s stock had a trading volume of 1,266,665 shares, compared to its average volume of 3,188,119. The company’s 50 day simple moving average is $89.01 and its 200 day simple moving average is $84.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88. BHP Group Limited Sponsored ADR has a twelve month low of $52.18 and a twelve month high of $98.71.

BHP Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th were issued a dividend of $1.98 per share. This represents a dividend yield of 438.0%. The ex-dividend date was Friday, September 4th.

BHP Group Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.