Lockheed Martin Investment Management Co. Decreases Holdings in BHP Group Limited Sponsored ADR $BHP

Lockheed Martin Investment Management Co. trimmed its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,460 shares of the mining company’s stock after selling 15,500 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in BHP Group were worth $2,261,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Fisher Asset Management LLC raised its position in shares of BHP Group by 1.3% during the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock valued at $1,290,593,000 after buying an additional 307,397 shares in the last quarter. Bank of America Corp DE raised its position in shares of BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after buying an additional 697,316 shares in the last quarter. Northern Trust Corp raised its position in shares of BHP Group by 5.3% during the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock valued at $136,228,000 after buying an additional 123,382 shares in the last quarter. SIH Partners LLLP raised its position in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after buying an additional 1,677,739 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of BHP Group by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock valued at $51,307,000 after buying an additional 142,060 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 5.1%

Shares of NYSE:BHP opened at $84.40 on Friday. BHP Group Limited Sponsored ADR has a 12 month low of $45.74 and a 12 month high of $91.45. The firm’s 50-day moving average is $76.24 and its 200 day moving average is $68.07. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

BHP Group Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were issued a dividend of $1.46 per share. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

Analysts Set New Price Targets

BHP has been the topic of several recent research reports. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research report on Friday. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Argus set a $95.00 price target on shares of BHP Group in a report on Monday, April 27th. Finally, Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.33.

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.