Jones Financial Companies Lllp Purchases 7,641 Shares of BHP Group Limited (NYSE:BHP)

Jones Financial Companies Lllp raised its position in shares of BHP Group Limited (NYSE:BHP) by 34.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,114 shares of the mining company’s stock after purchasing an additional 7,641 shares during the period. Jones Financial Companies Lllp’s holdings in BHP Group were worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BHP. Nisa Investment Advisors LLC raised its position in BHP Group by 53.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the mining company’s stock valued at $127,000 after purchasing an additional 700 shares in the last quarter. Stephens Inc. AR raised its position in shares of BHP Group by 21.4% in the 3rd quarter. Stephens Inc. AR now owns 5,341 shares of the mining company’s stock worth $332,000 after acquiring an additional 942 shares in the last quarter. Van ECK Associates Corp raised its position in shares of BHP Group by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 93,874 shares of the mining company’s stock worth $5,831,000 after acquiring an additional 1,464 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of BHP Group by 4.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 140,927 shares of the mining company’s stock worth $8,753,000 after acquiring an additional 6,525 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of BHP Group by 11.4% in the 3rd quarter. Confluence Investment Management LLC now owns 8,657 shares of the mining company’s stock worth $538,000 after acquiring an additional 885 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Down 1.0 %

Shares of BHP stock opened at $50.17 on Friday. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The stock’s fifty day moving average price is $49.86 and its 200 day moving average price is $52.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company has a market cap of $127.23 billion, a price-to-earnings ratio of 11.40 and a beta of 0.95.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is 44.77%.

Analyst Ratings Changes

Several research analysts have recently commented on BHP shares. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $53.00.

BHP Group 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.