BHP Group Limited (NYSE:BHP) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP grew its holdings in BHP Group Limited (NYSE:BHP) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,761 shares of the mining company’s stock after acquiring an additional 3,882 shares during the quarter. Lyell Wealth Management LP’s holdings in BHP Group were worth $4,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares during the period. XY Capital Ltd lifted its holdings in shares of BHP Group by 422.1% during the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after purchasing an additional 103,134 shares during the period. Morgan Stanley lifted its holdings in shares of BHP Group by 2.8% during the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after purchasing an additional 126,643 shares during the period. Wellington Management Group LLP lifted its holdings in shares of BHP Group by 44.7% during the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after purchasing an additional 924,202 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in shares of BHP Group during the fourth quarter worth about $1,866,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 0.9 %

Shares of BHP traded up $0.53 during trading hours on Wednesday, hitting $59.23. 2,052,076 shares of the stock were exchanged, compared to its average volume of 2,604,284. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The stock’s 50-day moving average price is $57.98 and its two-hundred day moving average price is $60.22.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

BHP Group Company 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.