DDD Partners LLC Makes New $239,000 Investment in BHP Group Limited (NYSE:BHP)

DDD Partners LLC acquired a new position in BHP Group Limited (NYSE:BHP) during the 4th quarter, HoldingsChannel reports. The fund acquired 3,500 shares of the mining company’s stock, valued at approximately $239,000.

Several other hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock valued at $798,672,000 after buying an additional 5,632,545 shares in the last quarter. Norges Bank acquired a new position in BHP Group in the 4th quarter valued at $174,257,000. Bank of America Corp DE raised its stake in BHP Group by 33.2% in the 1st quarter. Bank of America Corp DE now owns 3,768,982 shares of the mining company’s stock valued at $238,991,000 after purchasing an additional 938,755 shares during the last quarter. Wellington Management Group LLP raised its stake in BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after purchasing an additional 924,202 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in BHP Group by 96.4% in the 1st quarter. Royal Bank of Canada now owns 1,463,194 shares of the mining company’s stock valued at $113,033,000 after purchasing an additional 718,247 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BHP shares. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $50.00.

BHP Group Stock Up 1.7 %

Shares of BHP opened at $57.52 on Thursday. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The company’s 50-day moving average price is $58.92 and its 200 day moving average price is $59.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be issued a $1.44 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 5.2%.

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