Simmons Bank Grows Position in BHP Group Limited (NYSE:BHP)

Simmons Bank grew its position in shares of BHP Group Limited (NYSE:BHP) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,053 shares of the mining company’s stock after purchasing an additional 4,395 shares during the quarter. Simmons Bank’s holdings in BHP Group were worth $2,798,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BHP. Asset Dedication LLC boosted its position in BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank acquired a new position in shares of BHP Group during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BHP Group during the 2nd quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group in the 2nd quarter valued at $27,000. Finally, Sound Income Strategies LLC increased 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 acquiring an additional 294 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent analyst reports. Argus raised shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

BHP opened at $52.32 on Thursday. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The firm has a market capitalization of $132.67 billion, a PE ratio of 11.20 and a beta of 0.98. 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 firm’s 50-day moving average price is $56.47 and its 200 day moving average price is $56.60.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a $1.465 dividend. 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. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is 62.74%.

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.