BHP Group Limited (NYSE:BHP) Stock Position Lessened by Tidal Investments LLC

Tidal Investments LLC decreased its holdings in BHP Group Limited (NYSE:BHP) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,898 shares of the mining company’s stock after selling 12,557 shares during the quarter. Tidal Investments LLC’s holdings in BHP Group were worth $6,294,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of BHP. Sierra Ocean LLC bought a new position in BHP Group during the fourth quarter valued at about $29,000. Union Bancaire Privee UBP SA bought a new position in BHP Group during the fourth quarter valued at about $46,000. Allianz SE bought a new position in BHP Group during the fourth quarter valued at about $51,000. Headlands Technologies LLC bought a new position in BHP Group during the fourth quarter valued at about $53,000. Finally, Newbridge Financial Services Group Inc. bought a new position in BHP Group during the fourth quarter valued at about $54,000. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BHP. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein lowered BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Trading Down 0.3%

NYSE:BHP opened at $50.34 on Tuesday. 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 Limited has a 1-year low of $39.73 and a 1-year high of $63.21. The firm has a market capitalization of $127.65 billion, a price-to-earnings ratio of 11.44 and a beta of 0.86. The stock has a fifty day simple moving average of $47.74 and a 200 day simple moving average of $49.77.

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 given a $1.00 dividend. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is 44.77%.

About BHP Group

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.