SouthState Corp Sells 40,878 Shares of BHP Group Limited (NYSE:BHP)

SouthState Corp reduced its holdings in shares of BHP Group Limited (NYSE:BHP) by 67.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,037 shares of the mining company’s stock after selling 40,878 shares during the period. SouthState Corp’s holdings in BHP Group were worth $978,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of BHP Group during the fourth quarter worth $29,000. Versant Capital Management Inc bought a new stake in BHP Group during the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group in the 4th quarter valued at about $46,000. Newbridge Financial Services Group Inc. bought a new position in BHP Group in the 4th quarter worth about $54,000. Finally, Rothschild Investment LLC grew its stake in BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after acquiring an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $50.51 on Tuesday. The firm has a 50 day moving average of $49.93 and a 200 day moving average of $52.66. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $128.07 billion, a price-to-earnings ratio of 11.48 and a beta of 0.90. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is currently 44.77%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BHP shares. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, BHP Group currently has a consensus rating of “Buy” and a consensus target price of $53.00.

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