BHP Group Limited Sponsored ADR $BHP Shares Sold by Norway Savings Bank

Norway Savings Bank lowered its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,112 shares of the mining company’s stock after selling 3,047 shares during the quarter. Norway Savings Bank’s holdings in BHP Group were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHP. WFA Asset Management Corp acquired a new position in BHP Group in the first quarter valued at $26,000. Costello Asset Management INC acquired a new position in BHP Group in the first quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in BHP Group in the first quarter valued at $27,000. Compagnie Lombard Odier SCmA acquired a new position in BHP Group in the first quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new position in BHP Group in the first quarter valued at $73,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Macquarie lowered BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, Argus lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Stock Down 0.2%

Shares of NYSE BHP opened at $54.08 on Friday. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21. The firm has a market cap of $137.26 billion, a price-to-earnings ratio of 12.29 and a beta of 0.81. 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 stock’s 50-day simple moving average is $53.26 and its 200-day simple moving average is $50.08.

BHP Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be given a dividend of $1.185 per share. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. BHP Group’s dividend payout ratio is presently 53.86%.

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.