22,308 Shares in BHP Group Limited (NYSE:BHP) Purchased by KLR Investment Advisors LLC

KLR Investment Advisors LLC purchased a new stake in shares of BHP Group Limited (NYSE:BHP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,308 shares of the mining company’s stock, valued at approximately $1,415,000. BHP Group accounts for approximately 1.2% of KLR Investment Advisors LLC’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds also recently modified their holdings of BHP. Global Retirement Partners LLC boosted its holdings in BHP Group by 21.4% during the first quarter. Global Retirement Partners LLC now owns 2,793 shares of the mining company’s stock valued at $163,000 after purchasing an additional 492 shares in the last quarter. American Century Companies Inc. grew its position in BHP Group by 15.0% in the first quarter. American Century Companies Inc. now owns 370,797 shares of the mining company’s stock valued at $23,512,000 after acquiring an additional 48,369 shares during the period. HBK Sorce Advisory LLC raised its stake in BHP Group by 100.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 14,232 shares of the mining company’s stock worth $883,000 after acquiring an additional 7,124 shares in the last quarter. OLD National Bancorp IN raised its stake in BHP Group by 8.1% during the first quarter. OLD National Bancorp IN now owns 11,616 shares of the mining company’s stock worth $737,000 after acquiring an additional 874 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of BHP Group in the 1st quarter valued at $226,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BHP shares. BNP Paribas raised shares of BHP Group from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 28th. StockNews.com assumed coverage on BHP Group in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Liberum Capital upgraded BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. JPMorgan Chase & Co. raised BHP Group from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 13th. Finally, Berenberg Bank lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2,565.00.

BHP Group Stock Performance

Shares of NYSE BHP traded up $1.71 during midday trading on Monday, hitting $56.70. The stock had a trading volume of 405,322 shares, compared to its average volume of 2,838,343. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. BHP Group Limited has a fifty-two week low of $46.92 and a fifty-two week high of $71.52. The company’s 50-day simple moving average is $58.98 and its 200 day simple moving average is $59.62.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 28th. Shareholders of record on Friday, September 8th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 5.9%.

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