XY Capital Ltd Boosts Position in BHP Group Limited (NYSE:BHP)

XY Capital Ltd lifted its stake in shares of BHP Group Limited (NYSE:BHP) by 503.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 921,666 shares of the mining company’s stock after acquiring an additional 768,972 shares during the quarter. BHP Group makes up approximately 19.6% of XY Capital Ltd’s holdings, making the stock its biggest position. XY Capital Ltd’s holdings in BHP Group were worth $57,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in BHP Group in the 3rd quarter worth $26,000. Asset Dedication LLC boosted its stake in shares of BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after acquiring an additional 451 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of BHP Group during the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BHP Group during the 2nd quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC lifted its holdings in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

BHP Group Price Performance

Shares of BHP Group stock opened at $55.19 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a 50 day moving average price of $56.50 and a 200 day moving average price of $56.69.

BHP Group Increases Dividend

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

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.