Norway Savings Bank Boosts Stock Position in BHP Group Limited (NYSE:BHP)

Norway Savings Bank boosted its holdings in shares of BHP Group Limited (NYSE:BHP) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,930 shares of the mining company’s stock after acquiring an additional 1,705 shares during the quarter. Norway Savings Bank’s holdings in BHP Group were worth $951,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Financial Management Professionals Inc. raised its position in BHP Group by 9.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 4,334 shares of the mining company’s stock valued at $259,000 after purchasing an additional 390 shares in the last quarter. Cooper Financial Group raised its position in BHP Group by 4.5% during the 2nd quarter. Cooper Financial Group now owns 5,393 shares of the mining company’s stock valued at $322,000 after purchasing an additional 233 shares in the last quarter. Fulcrum Equity Management bought a new stake in BHP Group during the 2nd quarter valued at $286,000. Capital Market Strategies LLC bought a new stake in BHP Group during the 2nd quarter valued at $230,000. Finally, DGS Capital Management LLC raised its position in BHP Group by 1.1% during the 1st quarter. DGS Capital Management LLC now owns 19,547 shares of the mining company’s stock valued at $1,240,000 after purchasing an additional 220 shares in the last quarter.

BHP Group Stock Up 0.1 %

BHP stock traded up $0.05 on Friday, hitting $58.45. 3,046,090 shares of the company’s stock were exchanged, compared to its average volume of 2,847,255. BHP Group Limited has a 12-month low of $46.92 and a 12-month high of $71.52. The firm has a 50 day moving average price of $58.76 and a two-hundred day moving average price of $59.49. 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 Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, September 28th. Shareholders of record on Friday, September 8th will be paid a dividend of $1.60 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 5.9%. BHP Group’s payout ratio is presently 64.96%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BHP. BNP Paribas raised BHP Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, June 28th. Liberum Capital raised BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Berenberg Bank lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. JPMorgan Chase & Co. boosted their price target on BHP Group from $47.00 to $50.00 in a research report on Wednesday. Finally, StockNews.com initiated coverage on BHP Group in a research report on Thursday, August 17th. They issued a “buy” rating for the company. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,950.00.

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