Passumpsic Savings Bank Purchases Shares of 7,458 BHP Group Limited Sponsored ADR $BHP

Passumpsic Savings Bank purchased a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,458 shares of the mining company’s stock, valued at approximately $450,000.

Several other hedge funds have also modified their holdings of BHP. Sound Income Strategies LLC lifted its position in shares of BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after buying an additional 284 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at about $39,000. Ameriflex Group Inc. lifted its position in shares of BHP Group by 100.0% during the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after buying an additional 359 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of BHP Group during the third quarter valued at about $43,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on BHP shares. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Monday, April 13th. Argus set a $95.00 price objective on shares of BHP Group in a research report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.33.

BHP Group Price Performance

Shares of BHP Group stock opened at $84.40 on Monday. 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 company has a 50 day moving average price of $76.24 and a 200 day moving average price of $68.15. BHP Group Limited Sponsored ADR has a 52 week low of $45.74 and a 52 week high of $91.45.

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 given a $1.46 dividend. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

About BHP Group

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.