Optimum Investment Advisors lowered its position in BHP Group Ltd (NYSE:BHP) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,105 shares of the mining company’s stock after selling 800 shares during the quarter. Optimum Investment Advisors’ holdings in BHP Group were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of BHP. We Are One Seven LLC acquired a new position in BHP Group in the fourth quarter valued at $32,000. Legacy Financial Advisors Inc. lifted its stake in shares of BHP Group by 115.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 822 shares of the mining company’s stock worth $40,000 after purchasing an additional 441 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of BHP Group by 59.5% during the fourth quarter. Cornerstone Advisors Inc. now owns 962 shares of the mining company’s stock worth $46,000 after purchasing an additional 359 shares in the last quarter. Essex Savings Bank acquired a new position in shares of BHP Group during the fourth quarter worth about $73,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of BHP Group during the fourth quarter worth about $78,000. Hedge funds and other institutional investors own 3.42% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research upgraded BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. CLSA cut BHP Group from an “outperform” rating to an “underperform” rating in a research note on Thursday. JPMorgan Chase & Co. cut BHP Group from a “neutral” rating to an “underweight” rating in a research note on Monday, February 4th. They noted that the move was a valuation call. Sanford C. Bernstein upgraded BHP Group to a “buy” rating in a research note on Thursday, December 20th. Finally, ValuEngine upgraded BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. BHP Group presently has an average rating of “Hold” and a consensus target price of $48.25.

Shares of NYSE BHP opened at $50.70 on Monday. BHP Group Ltd has a 1 year low of $43.10 and a 1 year high of $52.62. The stock has a market cap of $81.42 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51.

The firm also recently announced a dividend, which was paid on Wednesday, January 30th. Stockholders of record on Friday, January 11th were given a dividend of $2.04 per share. This is a positive change from BHP Group’s previous dividend of $0.32. The ex-dividend date of this dividend was Thursday, January 10th. BHP Group’s payout ratio is presently 75.00%.

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BHP Group Company Profile

BHP Group Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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