Marco Investment Management LLC Sells 3,650 Shares of BHP Group Limited (NYSE:BHP)

Marco Investment Management LLC decreased its position in BHP Group Limited (NYSE:BHP) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,509 shares of the mining company’s stock after selling 3,650 shares during the period. Marco Investment Management LLC’s holdings in BHP Group were worth $2,578,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its position 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 worth $134,442,000 after buying an additional 1,981,008 shares during the last quarter. XY Capital Ltd boosted its holdings in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after acquiring an additional 768,972 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in BHP Group during the 3rd quarter valued at $33,458,000. International Assets Investment Management LLC increased its position in BHP Group by 6,281.5% during the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after purchasing an additional 437,696 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in shares of BHP Group by 5,577.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock worth $16,376,000 after purchasing an additional 259,022 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of NYSE:BHP opened at $52.36 on Friday. The stock’s 50-day simple moving average is $56.46 and its two-hundred day simple moving average is $56.38. 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.

BHP Group Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on BHP. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, BHP Group has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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