Callahan Advisors LLC Has $3.59 Million Position in BHP Group Limited (NYSE:BHP)

Callahan Advisors LLC reduced its holdings in BHP Group Limited (NYSE:BHP) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,712 shares of the mining company’s stock after selling 9,435 shares during the period. Callahan Advisors LLC’s holdings in BHP Group were worth $3,585,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Bank of Montreal Can lifted its holdings in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after buying an additional 1,981,008 shares during the period. Westwood Global Investments LLC lifted its holdings 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 valued at $69,664,000 after buying an additional 51,263 shares during the period. Capital International Investors raised its holdings in BHP Group by 42.4% in the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after purchasing an additional 225,428 shares during the period. American Century Companies Inc. raised its holdings in BHP Group by 6.1% in the second quarter. American Century Companies Inc. now owns 549,394 shares of the mining company’s stock worth $31,365,000 after purchasing an additional 31,442 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new stake in BHP Group in the third quarter worth $33,458,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Up 1.0 %

Shares of BHP stock opened at $56.69 on Wednesday. The firm has a fifty day moving average of $56.41 and a 200-day moving average of $56.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a dividend of $1.465 per share. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 5.2%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BHP shares. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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