Yousif Capital Management LLC Purchases 3,295 Shares of BHP Group Limited Sponsored ADR $BHP

Yousif Capital Management LLC grew its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,296 shares of the mining company’s stock after acquiring an additional 3,295 shares during the period. Yousif Capital Management LLC’s holdings in BHP Group were worth $2,034,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. MGO One Seven LLC bought a new position in shares of BHP Group in the 2nd quarter valued at about $236,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of BHP Group by 7.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 91,591 shares of the mining company’s stock valued at $4,406,000 after acquiring an additional 6,318 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of BHP Group by 5.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,751 shares of the mining company’s stock valued at $806,000 after acquiring an additional 817 shares in the last quarter. Inspire Investing LLC bought a new position in shares of BHP Group in the 2nd quarter valued at about $204,000. Finally, Strong Tower Advisory Services grew its holdings in shares of BHP Group by 1.5% in the 2nd quarter. Strong Tower Advisory Services now owns 64,388 shares of the mining company’s stock valued at $3,096,000 after acquiring an additional 949 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BHP shares. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Berenberg Bank reiterated a “sell” rating and set a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BHP Group has a consensus rating of “Hold” and a consensus target price of $48.50.

BHP Group Trading Down 1.3%

Shares of BHP stock opened at $55.57 on Friday. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $58.51. The company has a market capitalization of $141.04 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.03 and a beta of 0.80. The firm has a 50 day moving average price of $54.79 and a two-hundred day moving average price of $51.03. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a dividend of $1.185 per share. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. The ex-dividend date was Friday, September 5th. BHP Group’s dividend payout ratio is presently 53.86%.

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.