May Hill Capital LLC Has $865,000 Stake in BHP Group Limited Sponsored ADR $BHP

May Hill Capital LLC raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 114.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,330 shares of the mining company’s stock after buying an additional 7,651 shares during the period. May Hill Capital LLC’s holdings in BHP Group were worth $865,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares during the period. JFS Wealth Advisors LLC lifted its stake in BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after buying an additional 284 shares during the period. Eagle Bay Advisors LLC acquired a new position in BHP Group in the fourth quarter valued at about $39,000. Ameriflex Group Inc. lifted its stake in BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after buying an additional 359 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new position in BHP Group in the third quarter valued at about $43,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BHP shares. Argus set a $95.00 price target on BHP Group in a research report on Monday, April 27th. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Friday. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BHP Group has an average rating of “Hold” and an average price target of $62.33.

BHP Group Stock Performance

NYSE BHP opened at $84.40 on Friday. The stock’s 50-day moving average is $76.24 and its 200-day moving average is $68.07. BHP Group Limited Sponsored ADR has a one year low of $45.74 and a one year high of $91.45. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.

BHP Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were given a $1.46 dividend. 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.