Fractal Investments LLC Sells 30,327 Shares of BHP Group Limited (NYSE:BHP)

Fractal Investments LLC reduced its stake in BHP Group Limited (NYSE:BHP) by 77.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,000 shares of the mining company’s stock after selling 30,327 shares during the quarter. Fractal Investments LLC’s holdings in BHP Group were worth $615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in BHP Group by 2.8% during the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after acquiring an additional 126,643 shares during the last quarter. Wellington Management Group LLP lifted its holdings in BHP Group by 44.7% during 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. FMR LLC increased its holdings in shares of BHP Group by 10.6% in the third quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock valued at $69,565,000 after purchasing an additional 117,239 shares during the last quarter. Westwood Global Investments LLC raised its position in shares of BHP Group by 2.1% in the third quarter. Westwood Global Investments LLC now owns 998,872 shares of the mining company’s stock valued at $56,816,000 after purchasing an additional 20,412 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of BHP Group by 15.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 669,915 shares of the mining company’s stock worth $38,105,000 after buying an additional 88,907 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BHP Group Trading Up 0.9 %

BHP Group stock traded up $0.53 during mid-day trading on Wednesday, reaching $59.23. 2,052,076 shares of the company were exchanged, compared to its average volume of 2,604,284. The company has a fifty day simple moving average of $57.98 and a 200-day simple moving average of $60.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group Limited has a 12 month low of $54.28 and a 12 month high of $69.11.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $1.44 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

BHP Group Company 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.