Simon Quick Advisors LLC Invests $367,000 in BHP Group Limited Sponsored ADR $BHP

Simon Quick Advisors LLC bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,631 shares of the mining company’s stock, valued at approximately $367,000.

Several other hedge funds also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC lifted its stake in shares of BHP Group by 3.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock worth $266,000 after acquiring an additional 184 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of BHP Group by 3.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,498 shares of the mining company’s stock worth $361,000 after acquiring an additional 275 shares during the period. Mutual Advisors LLC increased its holdings in shares of BHP Group by 4.0% in the 2nd quarter. Mutual Advisors LLC now owns 7,155 shares of the mining company’s stock valued at $380,000 after purchasing an additional 276 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of BHP Group by 2.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock valued at $477,000 after purchasing an additional 281 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in shares of BHP Group by 6.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,908 shares of the mining company’s stock valued at $238,000 after purchasing an additional 291 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BHP shares. BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Finally, Berenberg Bank reiterated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.50.

BHP Group Price Performance

NYSE:BHP opened at $57.06 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The firm has a 50-day moving average price of $55.27 and a two-hundred day moving average price of $52.02. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $58.92.

BHP Group (NYSE:BHP) last posted its earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.09). The business had revenue of $26.23 billion for the quarter, compared to analysts’ expectations of $26.04 billion. Analysts expect that BHP Group Limited Sponsored ADR will post 4.03 earnings per share for the current fiscal year.

BHP Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a dividend of $1.185 per share. This is an increase 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 Company 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.