Royal Fund Management LLC Purchases 669 Shares of BHP Group Limited (NYSE:BHP)

Royal Fund Management LLC increased its position in BHP Group Limited (NYSE:BHP) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 18,323 shares of the mining company’s stock after buying an additional 669 shares during the quarter. Royal Fund Management LLC’s holdings in BHP Group were worth $1,252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BHP. Cape Investment Advisory Inc. raised its holdings in shares of BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock valued at $36,000 after purchasing an additional 174 shares during the period. NBC Securities Inc. bought a new stake in shares of BHP Group in the 3rd quarter valued at about $41,000. Headinvest LLC bought a new stake in shares of BHP Group in the 3rd quarter valued at about $52,000. FinTrust Capital Advisors LLC raised its holdings in shares of BHP Group by 64.2% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,079 shares of the mining company’s stock valued at $61,000 after purchasing an additional 422 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of BHP Group by 22.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after purchasing an additional 165 shares during the period. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

BHP Group Stock Performance

Shares of NYSE:BHP traded up $0.68 on Friday, reaching $56.26. 2,087,955 shares of the company’s stock were exchanged, compared to its average volume of 2,873,469. The company has a fifty day moving average of $57.57 and a 200-day moving average of $60.16. BHP Group Limited has a twelve month low of $54.28 and a twelve month 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 firm also recently announced 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. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 5.2%.

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.