Fusion Capital LLC Sells 18,809 Shares of BHP Group Limited (NYSE:BHP)

Fusion Capital LLC cut its position in BHP Group Limited (NYSE:BHP) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,716 shares of the mining company’s stock after selling 18,809 shares during the quarter. BHP Group makes up approximately 1.8% of Fusion Capital LLC’s investment portfolio, making the stock its 21st largest holding. Fusion Capital LLC’s holdings in BHP Group were worth $4,478,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Huntington National Bank lifted its holdings in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after acquiring an additional 203 shares during the period. Kovack Advisors Inc. increased its holdings in shares of BHP Group by 5.2% during the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock valued at $213,000 after purchasing an additional 215 shares in the last quarter. Essex Savings Bank lifted its stake in shares of BHP Group by 3.0% in the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares during the period. First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% during the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after buying an additional 263 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its position in BHP Group by 2.5% during the third quarter. Nicholas Hoffman & Company LLC. now owns 11,396 shares of the mining company’s stock valued at $708,000 after buying an additional 275 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BHP. Jefferies Financial Group lowered their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Performance

Shares of NYSE BHP opened at $49.37 on Friday. The company’s 50-day simple moving average is $49.82 and its 200-day simple moving average is $53.06. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%.

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.