BHP Group Limited (NYSE:BHP) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,291 shares of the mining company’s stock after buying an additional 1,044 shares during the period. Hexagon Capital Partners LLC’s holdings in BHP Group were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Savant Capital LLC acquired a new stake in BHP Group in the fourth quarter worth approximately $275,000. Mission Wealth Management LP lifted its position in BHP Group by 4.4% in the fourth quarter. Mission Wealth Management LP now owns 7,812 shares of the mining company’s stock worth $534,000 after purchasing an additional 328 shares during the period. Certuity LLC acquired a new stake in BHP Group in the fourth quarter worth approximately $214,000. Cozad Asset Management Inc. lifted its position in BHP Group by 38.6% in the fourth quarter. Cozad Asset Management Inc. now owns 6,727 shares of the mining company’s stock worth $460,000 after purchasing an additional 1,875 shares during the period. Finally, Intrust Bank NA lifted its position in BHP Group by 43.7% in the fourth quarter. Intrust Bank NA now owns 8,394 shares of the mining company’s stock worth $573,000 after purchasing an additional 2,552 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Down 2.9 %

NYSE:BHP traded down $1.65 during trading hours on Tuesday, hitting $55.17. 2,454,216 shares of the stock traded hands, compared to its average volume of 2,635,495. The firm has a 50 day moving average price of $57.72 and a 200 day moving average price of $60.24. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The firm has a market cap of $139.73 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 3.48 and a beta of 0.96.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $1.44 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s dividend payout ratio (DPR) is currently 55.66%.

Analyst Upgrades and Downgrades

BHP has been the subject of a number of research analyst reports. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Finally, StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, BHP Group presently has an average rating of “Hold” and a consensus price target of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.