Callan Capital LLC Takes Position in BHP Group Limited (NYSE:BHP)

Callan Capital LLC acquired a new stake in BHP Group Limited (NYSE:BHP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,496 shares of the mining company’s stock, valued at approximately $444,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of BHP Group by 6,529.2% in the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after buying an additional 457,760 shares in the last quarter. XY Capital Ltd boosted its stake in shares of BHP Group by 422.1% in the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after acquiring an additional 103,134 shares during the last quarter. Morgan Stanley boosted its stake in shares of BHP Group by 2.8% in the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after acquiring an additional 126,643 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after acquiring an additional 924,202 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in shares of BHP Group in the fourth quarter worth approximately $1,866,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BHP. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.00.

BHP Group Stock Down 1.4 %

NYSE BHP traded down $0.78 on Friday, reaching $56.43. 4,065,099 shares of the company were exchanged, compared to its average volume of 2,639,413. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The business’s fifty day moving average price is $57.85 and its 200 day moving average price is $60.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a $1.44 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

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.