NumerixS Investment Technologies Inc Lowers Stock Position in BHP Group Ltd (NYSE:BHP)

NumerixS Investment Technologies Inc reduced its stake in shares of BHP Group Ltd (NYSE:BHP) by 60.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,890 shares of the mining company’s stock after selling 16,682 shares during the period. NumerixS Investment Technologies Inc’s holdings in BHP Group were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CQS Cayman LP lifted its position in shares of BHP Group by 21.4% during the 2nd quarter. CQS Cayman LP now owns 631,027 shares of the mining company’s stock valued at $36,806,000 after buying an additional 111,407 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of BHP Group by 24,294.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,635 shares of the mining company’s stock valued at $269,000 after buying an additional 4,616 shares in the last quarter. Qtron Investments LLC purchased a new position in shares of BHP Group during the 2nd quarter valued at about $557,000. US Bancorp DE lifted its position in shares of BHP Group by 2.4% during the 2nd quarter. US Bancorp DE now owns 121,297 shares of the mining company’s stock valued at $7,047,000 after buying an additional 2,898 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in shares of BHP Group by 12.9% during the 2nd quarter. United Capital Financial Advisers LLC now owns 25,282 shares of the mining company’s stock valued at $1,469,000 after buying an additional 2,880 shares in the last quarter. 3.77% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BHP traded down $0.09 during trading hours on Monday, reaching $51.83. The company’s stock had a trading volume of 153,902 shares, compared to its average volume of 1,906,764. The firm’s 50-day moving average price is $50.31 and its 200-day moving average price is $53.42. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.45. BHP Group Ltd has a 1 year low of $43.65 and a 1 year high of $59.02. The company has a market capitalization of $81.84 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 3.03 and a beta of 0.88.



The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Thursday, September 5th. BHP Group’s dividend payout ratio is presently 85.25%.

A number of research analysts have recently weighed in on BHP shares. Argus reissued a “buy” rating and issued a $60.00 price target on shares of BHP Group in a report on Monday, August 26th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Deutsche Bank raised BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Exane BNP Paribas cut BHP Group from a “neutral” rating to an “underperform” rating in a report on Thursday, September 5th. Finally, Goldman Sachs Group raised BHP Group from a “neutral” rating to a “buy” rating in a report on Monday, September 9th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $62.00.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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