BHP Group Limited (NYSE:BHP) Shares Bought by Royal Fund Management LLC

Royal Fund Management LLC grew its stake in shares of BHP Group Limited (NYSE:BHP) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,323 shares of the mining company’s stock after purchasing an additional 669 shares during the quarter. Royal Fund Management LLC’s holdings in BHP Group were worth $1,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake 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 purchasing an additional 174 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of BHP Group during the third quarter worth about $41,000. Headinvest LLC purchased a new stake in shares of BHP Group during the third quarter worth about $52,000. FinTrust Capital Advisors LLC increased its position in shares of BHP Group by 64.2% during the third quarter. FinTrust Capital Advisors LLC now owns 1,079 shares of the mining company’s stock worth $61,000 after acquiring an additional 422 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position 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 during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of NYSE BHP traded up $0.68 during midday trading on Friday, hitting $56.26. 2,087,955 shares of the company’s stock were exchanged, compared to its average volume of 2,873,469. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The stock’s 50 day moving average price is $57.57 and its 200-day moving average price is $60.16. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

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

About BHP Group

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.