BHP Group Limited (NYSE:BHP) Position Boosted by Grove Bank & Trust

Grove Bank & Trust raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 27.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,616 shares of the mining company’s stock after acquiring an additional 352 shares during the quarter. Grove Bank & Trust’s holdings in BHP Group were worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC lifted its holdings in BHP Group by 48.9% in the 1st quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock worth $35,000 after purchasing an additional 197 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its holdings in BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after purchasing an additional 200 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after purchasing an additional 202 shares during the last quarter. Ballentine Partners LLC lifted its holdings in BHP Group by 2.6% in the 1st quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock worth $474,000 after purchasing an additional 205 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its holdings in BHP Group by 1.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of several analyst reports. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Up 0.8 %

BHP opened at $59.44 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The stock’s 50 day simple moving average is $55.56 and its 200-day simple moving average is $56.94.

BHP Group Increases Dividend

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

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