Summit Trail Advisors LLC Acquires New Position in BHP Group Limited (NYSE:BHP)

Summit Trail Advisors LLC acquired a new stake in BHP Group Limited (NYSE:BHP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,019 shares of the mining company’s stock, valued at approximately $229,000.

A number of other hedge funds have also added to or reduced their stakes in BHP. Asset Dedication LLC increased its stake in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in BHP Group in the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in BHP Group in the second quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in BHP Group in the first quarter valued at approximately $29,000. Finally, WFA Asset Management Corp acquired a new stake in BHP Group in the first quarter valued at approximately $31,000. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BHP. Citigroup began coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating on the stock. Barclays restated an “equal weight” rating on shares of BHP Group in a research report 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, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

BHP Group Price Performance

Shares of NYSE:BHP opened at $57.35 on Wednesday. The firm has a market cap of $145.26 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 3.41 and a beta of 0.96. The firm’s fifty day moving average is $54.08 and its 200-day moving average is $56.59. 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 Limited has a 52 week low of $50.90 and a 52 week 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. Stockholders of record on Friday, September 13th will be issued a dividend of $1.465 per share. This represents a dividend 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 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.