Hourglass Capital LLC Acquires 9,160 Shares of BHP Group Limited Sponsored ADR $BHP

Hourglass Capital LLC lifted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,706 shares of the mining company’s stock after purchasing an additional 9,160 shares during the period. Hourglass Capital LLC’s holdings in BHP Group were worth $5,717,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BHP. Caldwell Trust Co bought a new position in BHP Group during the 2nd quarter worth $31,000. Salomon & Ludwin LLC grew its position in shares of BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after buying an additional 669 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of BHP Group by 68.9% in the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after buying an additional 284 shares during the last quarter. Ameriflex Group Inc. increased its stake in shares of BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after buying an additional 359 shares during the period. Finally, True Wealth Design LLC raised its position in shares of BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after acquiring an additional 526 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, December 30th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $53.33.

BHP Group Stock Up 1.5%

BHP stock opened at $69.51 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The stock has a 50-day moving average price of $72.11 and a 200-day moving average price of $62.38. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $83.21.

BHP Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were issued a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.