Choate Investment Advisors Has $304,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Choate Investment Advisors grew its position in shares of BHP Group Limited (NYSE:BHP) by 89.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,233 shares of the mining company’s stock after purchasing an additional 2,942 shares during the quarter. Choate Investment Advisors’ holdings in BHP Group were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares in the last quarter. Kovack Advisors Inc. lifted its stake in shares of BHP Group by 5.2% in the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock worth $213,000 after acquiring an additional 215 shares during the period. Essex Savings Bank lifted its stake in shares of BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after acquiring an additional 219 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after acquiring an additional 263 shares during the period. Finally, Passumpsic Savings Bank lifted its stake in shares of BHP Group by 7.1% in the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock worth $238,000 after acquiring an additional 325 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Trading Up 2.1 %

Shares of BHP stock opened at $50.51 on Tuesday. The company has a market cap of $128.07 billion, a P/E ratio of 11.48 and a beta of 0.90. The stock has a 50 day simple moving average of $49.93 and a two-hundred day simple moving average of $52.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

BHP Group Cuts Dividend

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

BHP Group Company 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.