Oxbow Advisors LLC Invests $7.24 Million in BHP Group Limited Sponsored ADR $BHP

Oxbow Advisors LLC purchased a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 119,974 shares of the mining company’s stock, valued at approximately $7,243,000.

A number of other institutional investors also recently bought and sold shares of BHP. AQR Capital Management LLC grew its holdings in shares of BHP Group by 230.0% during the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after acquiring an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after purchasing an additional 2,331 shares in the last quarter. Invesco Ltd. grew its stake in BHP Group by 99.6% in the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after purchasing an additional 6,241 shares during the period. EverSource Wealth Advisors LLC raised its holdings in BHP Group by 173.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock worth $182,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in BHP Group by 13.0% in the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after purchasing an additional 1,917 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Sanford C. Bernstein dropped their target price on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of $62.33.

BHP Group Price Performance

Shares of NYSE:BHP opened at $84.75 on Friday. BHP Group Limited Sponsored ADR has a 1-year low of $45.74 and a 1-year high of $85.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The business has a fifty day moving average price of $75.42 and a 200-day moving average price of $66.82.

BHP Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were given a dividend of $1.46 per share. This represents a yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.