55,552 Shares in BHP Group Limited Sponsored ADR $BHP Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the second quarter, HoldingsChannel.com reports. The firm purchased 55,552 shares of the mining company’s stock, valued at approximately $2,671,000.

Several other institutional investors have also added to or reduced their stakes in BHP. Valeo Financial Advisors LLC increased its holdings in shares of BHP Group by 14.3% during the second quarter. Valeo Financial Advisors LLC now owns 9,381 shares of the mining company’s stock valued at $451,000 after acquiring an additional 1,173 shares in the last quarter. DAVENPORT & Co LLC grew its position in BHP Group by 5.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 30,643 shares of the mining company’s stock worth $1,474,000 after purchasing an additional 1,676 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in BHP Group by 13.4% during the 2nd quarter. Marks Group Wealth Management Inc now owns 5,340 shares of the mining company’s stock valued at $257,000 after purchasing an additional 632 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of BHP Group by 20.4% in the second quarter. QRG Capital Management Inc. now owns 189,927 shares of the mining company’s stock worth $9,134,000 after buying an additional 32,141 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in shares of BHP Group by 6.9% during the second quarter. Ascent Group LLC now owns 5,086 shares of the mining company’s stock worth $245,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Down 0.1%

Shares of BHP stock opened at $55.43 on Monday. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $61.03. The stock has a market cap of $140.68 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.92 and a beta of 0.80. The stock has a 50 day moving average of $53.97 and a 200 day moving average of $50.58. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a dividend of $1.185 per share. This represents a yield of 441.0%. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s payout ratio is currently 53.86%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BHP shares. Macquarie downgraded BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Berenberg Bank restated a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BHP Group has a consensus rating of “Hold” and an average target price of $48.50.

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.