Wells Fargo & Company MN Sells 81,427 Shares of BHP Group Ltd (NYSE:BHP)

Wells Fargo & Company MN trimmed its position in shares of BHP Group Ltd (NYSE:BHP) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 547,024 shares of the mining company’s stock after selling 81,427 shares during the period. Wells Fargo & Company MN’s holdings in BHP Group were worth $31,788,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in shares of BHP Group by 3.8% in the second quarter. Fisher Asset Management LLC now owns 7,166,822 shares of the mining company’s stock valued at $416,464,000 after buying an additional 265,025 shares during the period. Lazard Asset Management LLC lifted its stake in shares of BHP Group by 273.7% in the first quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock valued at $138,870,000 after buying an additional 1,860,489 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of BHP Group by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,792,376 shares of the mining company’s stock valued at $97,989,000 after buying an additional 34,717 shares during the period. Segantii Capital Management Ltd lifted its stake in shares of BHP Group by 349.8% in the second quarter. Segantii Capital Management Ltd now owns 1,276,459 shares of the mining company’s stock valued at $73,633,000 after buying an additional 992,659 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of BHP Group by 0.8% in the second quarter. Aperio Group LLC now owns 1,145,037 shares of the mining company’s stock valued at $66,538,000 after buying an additional 8,637 shares during the period. Institutional investors own 3.77% of the company’s stock.

NYSE:BHP opened at $49.86 on Wednesday. BHP Group Ltd has a 12-month low of $43.19 and a 12-month high of $59.02. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $80.07 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.87 and a beta of 0.88. The firm has a 50-day moving average price of $51.76 and a 200 day moving average price of $53.57.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be given a $1.56 dividend. The ex-dividend date of this dividend is Thursday, September 5th. BHP Group’s dividend payout ratio (DPR) is presently 60.11%.

Several research analysts recently issued reports on the stock. Argus reissued a “buy” rating and issued a $60.00 price target on shares of BHP Group in a research report on Monday, August 26th. Deutsche Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of BHP Group from an “underweight” rating to a “neutral” rating in a research report on Friday, July 12th. ValuEngine lowered shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Bank of America lowered shares of BHP Group from a “neutral” rating to an “underperform” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $62.00.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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