Cohen Investment Advisors LLC Purchases 3,554 Shares of BHP Group Limited Sponsored ADR $BHP

Cohen Investment Advisors LLC grew its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 6.3% in the 2nd quarter, Holdings Channel reports. The fund owned 59,668 shares of the mining company’s stock after buying an additional 3,554 shares during the period. Cohen Investment Advisors LLC’s holdings in BHP Group were worth $2,869,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BHP. Goldman Sachs Group Inc. raised its stake in BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after acquiring an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in BHP Group during the second quarter worth about $68,953,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in BHP Group by 3,599.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock worth $12,666,000 after acquiring an additional 253,881 shares in the last quarter. Citigroup Inc. raised its stake in BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock worth $20,495,000 after acquiring an additional 205,591 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of BHP Group in the first quarter valued at approximately $8,734,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP opened at $56.02 on Thursday. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $59.56. The business’s fifty day moving average is $54.20 and its 200 day moving average is $50.69. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $142.18 billion, a P/E ratio of 12.73, a P/E/G ratio of 3.78 and a beta of 0.80.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a dividend of $1.185 per share. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date was Friday, September 5th. This represents a yield of 441.0%. BHP Group’s dividend payout ratio (DPR) is 53.86%.

Wall Street Analysts Forecast Growth

BHP has been the subject of several recent research reports. Macquarie downgraded BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.