SPX Gestao de Recursos Ltda Purchases Shares of 190,933 BHP Group Limited (NYSE:BHP)

SPX Gestao de Recursos Ltda purchased a new stake in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 190,933 shares of the mining company’s stock, valued at approximately $9,323,000. BHP Group comprises about 1.4% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 23rd biggest holding.

Other institutional investors have also bought and sold shares of the company. Sigma Planning Corp bought a new position in shares of BHP Group during the 3rd quarter worth about $235,000. Crossmark Global Holdings Inc. boosted its position in shares of BHP Group by 65.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 154,274 shares of the mining company’s stock worth $9,582,000 after purchasing an additional 60,857 shares in the last quarter. Chartwell Investment Partners LLC bought a new position in shares of BHP Group during the 3rd quarter worth about $9,830,000. Jeppson Wealth Management LLC boosted its position in shares of BHP Group by 10.6% during the 3rd quarter. Jeppson Wealth Management LLC now owns 35,871 shares of the mining company’s stock worth $2,228,000 after purchasing an additional 3,430 shares in the last quarter. Finally, Simmons Bank boosted its position in shares of BHP Group by 10.8% during the 3rd quarter. Simmons Bank now owns 45,053 shares of the mining company’s stock worth $2,798,000 after purchasing an additional 4,395 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 1.1 %

NYSE:BHP opened at $49.60 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market cap of $125.78 billion, a price-to-earnings ratio of 11.27 and a beta of 0.90. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The firm has a 50-day moving average price of $49.88 and a two-hundred day moving average price of $52.86.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a $1.00 dividend. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is 44.77%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BHP. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group lowered their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.00.

About BHP Group

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.