Hourglass Capital LLC Buys 9,160 Shares of BHP Group Limited Sponsored ADR $BHP

Hourglass Capital LLC lifted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 94,706 shares of the mining company’s stock after buying an additional 9,160 shares during the quarter. Hourglass Capital LLC’s holdings in BHP Group were worth $5,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caldwell Trust Co acquired a new stake in BHP Group in the second quarter worth $31,000. Salomon & Ludwin LLC raised its holdings in shares of BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after purchasing an additional 669 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Ameriflex Group Inc. boosted its position in shares of BHP Group by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after purchasing an additional 359 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of BHP Group by 229.7% in the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock valued at $42,000 after buying an additional 526 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Up 1.5%

NYSE BHP opened at $69.51 on Friday. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $83.21. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $72.11 and a 200-day moving average price of $62.38.

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. The ex-dividend date was Friday, March 6th. This represents a yield of 399.0%.

Analysts Set New Price Targets

BHP has been the topic of a number of research reports. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and an average price target of $53.33.

BHP Group Company Profile

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.