EverSource Wealth Advisors LLC Purchases 625 Shares of BHP Group Limited (NYSE:BHP)

EverSource Wealth Advisors LLC raised its position in shares of BHP Group Limited (NYSE:BHP) by 35.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,378 shares of the mining company’s stock after purchasing an additional 625 shares during the period. EverSource Wealth Advisors LLC’s holdings in BHP Group were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP lifted its position in BHP Group by 46.6% during 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 acquiring an additional 1,395,940 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of BHP Group by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after purchasing an additional 551,575 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of BHP Group by 80.6% in 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 in the last quarter. Cullen Capital Management LLC purchased a new stake in shares of BHP Group in the 4th quarter worth approximately $19,294,000. Finally, Capital International Investors increased its position in BHP Group by 42.4% during 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 in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 5.5 %

BHP stock opened at $60.93 on Friday. 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 1 year low of $50.90 and a 1 year high of $69.11. The stock’s fifty day moving average price is $54.10 and its 200-day moving average price is $56.60.

BHP Group Increases Dividend

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

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent research reports. Citigroup initiated coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.