Balyasny Asset Management L.P. Has $34.54 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Balyasny Asset Management L.P. lifted its position in BHP Group Limited (NYSE:BHP) by 1,898.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 707,405 shares of the mining company’s stock after buying an additional 672,016 shares during the quarter. Balyasny Asset Management L.P.’s holdings in BHP Group were worth $34,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BHP. Bearing Point Capital LLC bought a new stake in BHP Group during the fourth quarter valued at about $4,930,000. Aptus Capital Advisors LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $677,000. Mercer Global Advisors Inc. ADV acquired a new stake in BHP Group in the 4th quarter valued at approximately $4,599,000. Northern Trust Corp increased its position in BHP Group by 58.5% in the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after buying an additional 846,963 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of BHP Group during the fourth quarter worth approximately $5,610,000. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 0.3 %

Shares of BHP opened at $48.67 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a market cap of $123.42 billion, a PE ratio of 11.06 and a beta of 0.86. BHP Group Limited has a 1 year low of $39.73 and a 1 year high of $63.21. The stock has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $50.24.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

BHP has been the subject of several research analyst reports. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two 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 company’s stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Buy” and an average price target of $53.00.

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.