Jeppson Wealth Management LLC Raises Position in BHP Group Limited (NYSE:BHP)

Jeppson Wealth Management LLC lifted its stake in BHP Group Limited (NYSE:BHP) by 2.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 32,441 shares of the mining company’s stock after acquiring an additional 833 shares during the period. Jeppson Wealth Management LLC’s holdings in BHP Group were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. M&T Bank Corp increased its position in BHP Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 16,254 shares of the mining company’s stock worth $1,110,000 after buying an additional 181 shares in the last quarter. Mckinley Capital Management LLC increased its holdings in BHP Group by 2.0% in the 4th quarter. Mckinley Capital Management LLC now owns 9,613 shares of the mining company’s stock worth $657,000 after acquiring an additional 184 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in BHP Group by 48.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock worth $35,000 after acquiring an additional 197 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in BHP Group by 0.7% during the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock valued at $1,570,000 after purchasing an additional 202 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of BHP Group by 2.6% in the first quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock worth $474,000 after purchasing an additional 205 shares during the period. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup initiated coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating on the stock. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Finally, StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

BHP Group Price Performance

BHP stock traded down $0.80 during trading on Friday, hitting $51.71. 360,689 shares of the company’s stock traded hands, compared to its average volume of 2,436,749. BHP Group Limited has a 52 week low of $51.61 and a 52 week high of $69.11. The business has a fifty day simple moving average of $55.37 and a 200 day simple moving average of $57.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.22.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a $1.465 dividend. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 5.2%.

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.