Seven Eight Capital LP Buys New Position in BHP Group Limited (NYSE:BHP)

Seven Eight Capital LP purchased a new position in shares of BHP Group Limited (NYSE:BHP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,836 shares of the mining company’s stock, valued at approximately $2,902,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in shares of BHP Group by 49.5% in the 2nd quarter. Hsbc Holdings PLC now owns 12,762 shares of the mining company’s stock valued at $729,000 after buying an additional 4,228 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of BHP Group by 19.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 78,739 shares of the mining company’s stock worth $4,392,000 after acquiring an additional 12,595 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in shares of BHP Group by 2.6% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 17,872 shares of the mining company’s stock worth $1,020,000 after buying an additional 451 shares in the last quarter. Westwood Global Investments LLC raised its position in BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after acquiring an additional 51,263 shares in the last quarter. Finally, Rathbones Group PLC lifted its stake in shares of BHP Group by 38.6% in the second quarter. Rathbones Group PLC now owns 8,516 shares of the mining company’s stock valued at $486,000 after purchasing an additional 2,370 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 0.2 %

Shares of BHP stock opened at $53.46 on Wednesday. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The business has a 50 day moving average of $54.43 and a two-hundred day moving average of $56.70.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%.

Analyst Upgrades and Downgrades

BHP has been the subject of several research reports. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Citigroup began coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.