BHP Group Limited (NYSE:BHP) Stake Lessened by Marco Investment Management LLC

Marco Investment Management LLC lowered its holdings in BHP Group Limited (NYSE:BHP) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,564 shares of the mining company’s stock after selling 300 shares during the period. Marco Investment Management LLC’s holdings in BHP Group were worth $3,112,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Cape Investment Advisory Inc. raised its holdings in shares of BHP Group by 37.4% during the third quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after acquiring an additional 174 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of BHP Group during the third quarter worth $37,000. NBC Securities Inc. purchased a new stake in shares of BHP Group during the third quarter worth $41,000. Parkside Financial Bank & Trust raised its holdings in shares of BHP Group by 22.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock worth $61,000 after acquiring an additional 165 shares in the last quarter. Finally, Headinvest LLC bought a new position in BHP Group during the third quarter valued at about $52,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average target price of $50.00.

BHP Group Stock Down 1.4 %

Shares of NYSE:BHP traded down $0.78 during midday trading on Friday, hitting $56.43. The company’s stock had a trading volume of 4,065,233 shares, compared to its average volume of 2,768,604. The stock’s 50 day simple moving average is $57.85 and its 200 day simple moving average is $60.24. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The company also recently announced 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 yield of 5.2%. The ex-dividend date 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.