Petredis Investment Advisors LLC Acquires 278 Shares of BHP Group Limited (NYSE:BHP)

Petredis Investment Advisors LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 0.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,391 shares of the mining company’s stock after purchasing an additional 278 shares during the period. Petredis Investment Advisors LLC’s holdings in BHP Group were worth $4,061,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Centaurus Financial Inc. lifted its stake in shares of BHP Group by 11.6% during the 4th quarter. Centaurus Financial Inc. now owns 4,803 shares of the mining company’s stock worth $328,000 after purchasing an additional 500 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after buying an additional 1,395,940 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of BHP Group in the 1st quarter worth approximately $417,000. CWM LLC raised its stake in shares of BHP Group by 7.5% during the 1st quarter. CWM LLC now owns 8,084 shares of the mining company’s stock worth $466,000 after acquiring an additional 566 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in BHP Group during the first quarter valued at approximately $29,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of BHP stock opened at $58.18 on Wednesday. The business has a fifty day moving average of $55.65 and a 200 day moving average of $56.94. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a $1.465 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 5.2%. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44.

Analyst Ratings Changes

Several equities analysts have issued reports on BHP shares. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $72.00 to $68.00 in a report on Friday, October 4th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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.