Seven Eight Capital LP Makes New $2.90 Million Investment in BHP Group Limited (NYSE:BHP)

Seven Eight Capital LP bought a new position in BHP Group Limited (NYSE:BHP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,836 shares of the mining company’s stock, valued at approximately $2,902,000.

Several other institutional investors have also made changes to their positions in BHP. Shorepath Capital Management LLC bought a new position in BHP Group in the 4th quarter worth approximately $4,354,000. Addenda Capital Inc. grew its stake in shares of BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after acquiring an additional 23,968 shares in the last quarter. Virtu Financial LLC bought a new stake in BHP Group during the 1st quarter worth about $1,953,000. Quantbot Technologies LP grew its stake in BHP Group by 104.7% in the first quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock valued at $1,894,000 after purchasing an additional 16,788 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in BHP Group by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after buying an additional 551,575 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on BHP. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Finally, Citigroup started coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

BHP Group Trading Down 0.2 %

Shares of BHP stock opened at $53.46 on Wednesday. The stock has a 50-day moving average of $54.43 and a 200-day moving average of $56.70. 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 1-year low of $50.90 and a 1-year high of $69.11.

BHP Group Increases Dividend

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

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