Callan Capital LLC Has $489,000 Position in BHP Group Limited (NYSE:BHP)

Callan Capital LLC raised its stake in BHP Group Limited (NYSE:BHP) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,012 shares of the mining company’s stock after acquiring an additional 1,115 shares during the period. Callan Capital LLC’s holdings in BHP Group were worth $489,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eastern Bank bought a new position in BHP Group in the third quarter valued at approximately $26,000. Sierra Ocean LLC bought a new position in BHP Group in the fourth quarter valued at approximately $29,000. Versant Capital Management Inc bought a new position in BHP Group in the fourth quarter valued at approximately $40,000. Union Bancaire Privee UBP SA bought a new position in BHP Group in the fourth quarter valued at approximately $46,000. Finally, Farmers & Merchants Investments Inc. bought a new position in BHP Group in the third quarter valued at approximately $50,000. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BHP. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Jefferies Financial Group cut their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

Shares of BHP stock opened at $51.42 on Friday. The company’s fifty day simple moving average is $49.80 and its 200-day simple moving average is $53.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

BHP Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th.

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