Quantbot Technologies LP Cuts Stock Position in BHP Group Limited (NYSE:BHP)

Quantbot Technologies LP decreased its position in shares of BHP Group Limited (NYSE:BHP) by 63.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,742 shares of the mining company’s stock after selling 16,839 shares during the period. Quantbot Technologies LP’s holdings in BHP Group were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of BHP Group during the fourth quarter worth about $1,638,000. Summit Global Investments acquired a new position in BHP Group during the 4th quarter valued at approximately $4,216,000. Palogic Value Management L.P. raised its holdings in shares of BHP Group by 0.5% in the fourth quarter. Palogic Value Management L.P. now owns 82,496 shares of the mining company’s stock worth $4,028,000 after buying an additional 396 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of BHP Group by 24.8% during the fourth quarter. Whittier Trust Co. now owns 9,533 shares of the mining company’s stock worth $465,000 after buying an additional 1,894 shares during the period. Finally, Horizon Investments LLC grew its holdings in shares of BHP Group by 3.5% during the fourth quarter. Horizon Investments LLC now owns 11,222 shares of the mining company’s stock valued at $548,000 after buying an additional 382 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Down 1.4 %

Shares of BHP Group stock opened at $48.95 on Friday. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market cap of $124.12 billion, a P/E ratio of 11.12 and a beta of 0.90. The firm has a 50-day simple moving average of $50.01 and a two-hundred day simple moving average of $52.45.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group’s payout ratio is currently 44.77%.

Analysts Set New Price Targets

A number of brokerages have commented on BHP. Jefferies Financial Group lowered 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. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $53.00.

About BHP Group

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.