Wesbanco Bank Inc. increased its stake in BHP Group Limited (NYSE:BHP – Get Rating) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,178 shares of the mining company’s stock after purchasing an additional 1,000 shares during the quarter. Wesbanco Bank Inc.’s holdings in BHP Group were worth $383,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of BHP. SJS Investment Consulting Inc. acquired a new stake in BHP Group in the third quarter worth about $25,000. Salem Investment Counselors Inc. lifted its holdings in BHP Group by 110.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company’s stock valued at $26,000 after acquiring an additional 241 shares during the last quarter. Covestor Ltd acquired a new stake in BHP Group in the 1st quarter valued at about $26,000. First Personal Financial Services acquired a new stake in BHP Group in the 3rd quarter valued at about $28,000. Finally, Sound Income Strategies LLC acquired a new stake in BHP Group in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 5.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Barclays cut their price target on shares of BHP Group from GBX 2,700 ($33.17) to GBX 2,550 ($31.33) in a report on Wednesday, February 22nd. StockNews.com assumed coverage on shares of BHP Group in a report on Thursday, March 16th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price target on shares of BHP Group from GBX 2,500 ($30.72) to GBX 2,510 ($30.84) in a report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BHP Group from GBX 2,200 ($27.03) to GBX 2,300 ($28.26) in a research note on Tuesday, January 10th. Finally, UBS Group lowered shares of BHP Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 13th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, BHP Group presently has an average rating of “Hold” and a consensus price target of $2,211.50.
BHP Group Stock Performance
BHP Group Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 30th. Stockholders of record on Friday, March 10th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a dividend yield of 8.7%.
BHP Group Company Profile
BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.
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