Addison Advisors LLC Boosts Stock Position in BHP Group Limited (NYSE:BHP)

Addison Advisors LLC lifted its position in BHP Group Limited (NYSE:BHP) by 1,187.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 592 shares of the mining company’s stock after purchasing an additional 546 shares during the quarter. Addison Advisors LLC’s holdings in BHP Group were worth $34,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shorepath Capital Management LLC purchased a new position in shares of BHP Group in the 4th quarter worth about $4,354,000. Moran Wealth Management LLC boosted its holdings in BHP Group by 10.3% during the 4th quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock valued at $30,717,000 after acquiring an additional 42,021 shares during the period. Addenda Capital Inc. boosted its holdings in BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after acquiring an additional 23,968 shares during the period. Virtu Financial LLC purchased a new stake in BHP Group during the 1st quarter valued at about $1,953,000. Finally, Quantbot Technologies LP boosted its holdings in BHP Group by 104.7% during the 1st quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock valued at $1,894,000 after acquiring an additional 16,788 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHP has been the subject of several analyst reports. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup initiated coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Finally, Barclays restated an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.00.

BHP Group Stock Performance

BHP opened at $51.39 on Friday. The business has a 50 day simple moving average of $55.26 and a two-hundred day simple moving average of $56.96. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a one year low of $51.09 and a one 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 given a dividend of $1.465 per share. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 5.2%.

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.