Lyell Wealth Management LP Boosts Position in BHP Group Limited (NYSE:BHP)

Lyell Wealth Management LP boosted its position in shares of BHP Group Limited (NYSE:BHP) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,761 shares of the mining company’s stock after purchasing an additional 3,882 shares during the quarter. Lyell Wealth Management LP’s holdings in BHP Group were worth $4,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BHP. Cape Investment Advisory Inc. raised its holdings in shares of BHP Group by 37.4% in the third quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after acquiring an additional 174 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group in the third quarter worth $37,000. NBC Securities Inc. acquired a new position in shares of BHP Group in the third quarter worth $41,000. GHP Investment Advisors Inc. acquired a new position in shares of BHP Group in the third quarter worth $44,000. Finally, Headinvest LLC acquired a new position in shares of BHP Group in the third quarter worth $52,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP Group stock traded up $0.53 during trading on Wednesday, hitting $59.23. The company’s stock had a trading volume of 2,052,076 shares, compared to its average volume of 2,604,284. The stock’s fifty day moving average is $57.98 and its 200 day moving average is $60.22. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. 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 company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $1.44 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

Analyst Ratings Changes

A number of research firms have recently weighed in on BHP. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com lowered 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 research note on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus target price of $50.00.

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.