Requisite Capital Management LLC Sells 2,893 Shares of BHP Group Limited (NYSE:BHP)

Requisite Capital Management LLC lessened its stake in BHP Group Limited (NYSE:BHP) by 20.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,439 shares of the mining company’s stock after selling 2,893 shares during the quarter. BHP Group comprises about 0.2% of Requisite Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. Requisite Capital Management LLC’s holdings in BHP Group were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Fisher Asset Management LLC boosted its position in BHP Group by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after purchasing an additional 551,575 shares during the last quarter. Wellington Management Group LLP raised its position in shares of BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after buying an additional 1,395,940 shares in the last quarter. Bank of Montreal Can increased its stake in shares of BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. Westwood Global Investments LLC grew its stake in shares of BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after buying an additional 51,263 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of BHP Group by 42.4% during the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after purchasing an additional 225,428 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Up 0.1 %

NYSE BHP traded up $0.04 during trading hours on Friday, hitting $58.95. The company’s stock had a trading volume of 1,648,274 shares, compared to its average volume of 2,493,026. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company’s 50-day simple moving average is $55.43 and its two-hundred day simple moving average is $56.93.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a $1.465 dividend. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th. This represents a yield of 5.2%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.