Earnest Partners LLC Has $95.03 Million Position in BHP Group Ltd (NYSE:BHP)

Earnest Partners LLC reduced its stake in shares of BHP Group Ltd (NYSE:BHP) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,635,347 shares of the mining company’s stock after selling 25,398 shares during the quarter. Earnest Partners LLC’s holdings in BHP Group were worth $95,030,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC acquired a new stake in shares of BHP Group in the second quarter valued at $29,000. Liberty Wealth Management LLC increased its stake in shares of BHP Group by 3,720.0% in the second quarter. Liberty Wealth Management LLC now owns 573 shares of the mining company’s stock valued at $30,000 after buying an additional 558 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of BHP Group by 31.4% in the first quarter. Rehmann Capital Advisory Group now owns 783 shares of the mining company’s stock valued at $43,000 after buying an additional 187 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of BHP Group in the first quarter valued at $55,000. Finally, Coastal Capital Group Inc. acquired a new stake in shares of BHP Group in the second quarter valued at $75,000. Hedge funds and other institutional investors own 3.77% of the company’s stock.

Shares of BHP stock opened at $51.93 on Friday. The stock has a 50-day moving average price of $50.40 and a 200 day moving average price of $53.43. 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 cap of $83.40 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 3.00 and a beta of 0.88. BHP Group Ltd has a 12 month low of $43.65 and a 12 month high of $59.02.

The company also recently disclosed 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 payout ratio is 85.25%.

A number of analysts have recently weighed in on the company. ValuEngine lowered BHP Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BNP Paribas lowered BHP Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 5th. Goldman Sachs Group upgraded BHP Group from a “neutral” rating to a “buy” rating in a research note on Monday. Bank of America lowered BHP Group from a “neutral” rating to an “underperform” rating in a research note on Friday, August 16th. Finally, Exane BNP Paribas lowered BHP Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.00.

About BHP Group

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.

See Also: Earnings Per Share

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

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