Greenline Partners LLC Sells 635 Shares of BHP Group Limited (NYSE:BHP)

Greenline Partners LLC reduced its position in shares of BHP Group Limited (NYSE:BHP) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 141,860 shares of the mining company’s stock after selling 635 shares during the quarter. BHP Group makes up 1.2% of Greenline Partners LLC’s investment portfolio, making the stock its 24th largest holding. Greenline Partners LLC’s holdings in BHP Group were worth $8,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHP. Wellington Management Group LLP boosted its holdings in BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after acquiring an additional 1,395,940 shares during the period. Fisher Asset Management LLC increased its stake in shares of BHP Group by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after purchasing an additional 551,575 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of BHP Group by 80.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock worth $64,348,000 after purchasing an additional 420,550 shares during the last quarter. Cullen Capital Management LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $19,294,000. Finally, Capital International Investors grew its holdings in BHP Group by 42.4% in the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock valued at $43,685,000 after buying an additional 225,428 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BHP. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Citigroup assumed coverage on shares of BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

BHP Group Stock Performance

BHP opened at $53.79 on Friday. The stock’s 50 day simple moving average is $54.15 and its 200-day simple moving average is $56.63. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock has a market cap of $136.25 billion, a PE ratio of 10.84, a P/E/G ratio of 3.41 and a beta of 0.96. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be issued a $1.465 dividend. This represents a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. BHP Group’s payout ratio is 59.07%.

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.