Gallacher Capital Management LLC Cuts Stock Position in BHP Group Limited (NYSE:BHP)

Gallacher Capital Management LLC trimmed its position in shares of BHP Group Limited (NYSE:BHP) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,823 shares of the mining company’s stock after selling 261 shares during the period. Gallacher Capital Management LLC’s holdings in BHP Group were worth $466,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI raised its stake in shares of BHP Group by 3.1% during the fourth quarter. National Bank of Canada FI now owns 239,923 shares of the mining company’s stock worth $16,278,000 after acquiring an additional 7,267 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in BHP Group by 2.8% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 6,628 shares of the mining company’s stock worth $453,000 after purchasing an additional 181 shares during the last quarter. Royal Fund Management LLC boosted its position in BHP Group by 3.8% during the fourth quarter. Royal Fund Management LLC now owns 18,323 shares of the mining company’s stock valued at $1,252,000 after buying an additional 669 shares during the period. Legacy Financial Advisors Inc. grew its stake in shares of BHP Group by 77.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 7,819 shares of the mining company’s stock valued at $534,000 after buying an additional 3,420 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of BHP Group in the fourth quarter worth about $504,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP traded up $0.68 on Friday, hitting $56.26. The company’s stock had a trading volume of 2,087,955 shares, compared to its average volume of 2,873,469. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11. The company’s 50-day simple moving average is $57.57 and its 200 day simple moving average is $60.19. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHP. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and a consensus price target of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.