Cullen Capital Management LLC Has $6.50 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

by · The Cerbat Gem

Cullen Capital Management LLC trimmed its position in BHP Group Limited (NYSE:BHP – Free Report) by 39.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 133,201 shares of the mining company’s stock after selling 86,310 shares during the period. Cullen Capital Management LLC’s holdings in BHP Group were worth $6,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after acquiring an additional 280,258 shares during the period. Wellington Management Group LLP boosted its stake in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after purchasing an additional 642,765 shares during the period. FMR LLC grew its holdings in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of BHP Group by 9.7% during the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock worth $31,386,000 after buying an additional 57,097 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after acquiring an additional 55,095 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 9.5 %

Shares of BHP stock opened at $42.08 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a fifty day moving average of $49.71 and a 200-day moving average of $52.24. BHP Group Limited has a 52-week low of $41.67 and a 52-week high of $63.21. The stock has a market cap of $106.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.90.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group’s payout ratio is 44.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BHP shares. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group cut their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, BHP Group presently has a consensus rating of “Buy” and a consensus target price of $53.00.

Check Out Our Latest Stock Analysis on BHP

BHP Group Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited (NYSE:BHP – Free Report).