Van Hulzen Asset Management LLC Sells 46,900 Shares of BHP Group Limited (NYSE:BHP)

Van Hulzen Asset Management LLC decreased its position in shares of BHP Group Limited (NYSE:BHPGet Rating) by 70.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the mining company’s stock after selling 46,900 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in BHP Group were worth $1,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its position in BHP Group by 7.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 45,786 shares of the mining company’s stock worth $2,763,000 after purchasing an additional 3,319 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in BHP Group during the fourth quarter worth about $1,036,000. Cannon Global Investment Management LLC raised its stake in BHP Group by 115.0% during the fourth quarter. Cannon Global Investment Management LLC now owns 412,787 shares of the mining company’s stock worth $24,912,000 after acquiring an additional 220,754 shares in the last quarter. Sage Rhino Capital LLC raised its stake in BHP Group by 8.6% during the fourth quarter. Sage Rhino Capital LLC now owns 15,518 shares of the mining company’s stock worth $937,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Cohen Capital Management Inc. acquired a new position in BHP Group during the fourth quarter worth about $206,000. 6.73% of the stock is owned by institutional investors and hedge funds.

Shares of BHP traded down $1.13 during trading hours on Tuesday, reaching $77.25. The stock had a trading volume of 92,470 shares, compared to its average volume of 5,492,729. BHP Group Limited has a 12 month low of $51.88 and a 12 month high of $82.07. The firm has a 50-day simple moving average of $72.01 and a 200 day simple moving average of $63.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.71.

The company also recently announced a semi-annual dividend, which was paid on Monday, March 28th. Investors of record on Friday, February 25th were issued a $3.00 dividend. This represents a dividend yield of 13.1%. The ex-dividend date of this dividend was Thursday, February 24th.

Several research firms have recently issued reports on BHP. DZ Bank began coverage on BHP Group in a research note on Thursday, February 3rd. They issued a “hold” rating and a $48.20 price objective for the company. HSBC began coverage on BHP Group in a research note on Friday, March 18th. They issued a “hold” rating for the company. Exane BNP Paribas downgraded BHP Group from a “neutral” rating to an “underperform” rating and set a GBX 2,185 ($28.43) price objective for the company. in a research note on Wednesday, February 9th. Berenberg Bank upped their target price on BHP Group from GBX 2,200 ($28.62) to GBX 2,300 ($29.92) in a report on Wednesday, February 23rd. Finally, Liberum Capital upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average price target of $1,190.65.

BHP Group Company Profile (Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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