Frank Rimerman Advisors LLC Acquires 2,194 Shares of BHP Group Limited (NYSE:BHP)

Frank Rimerman Advisors LLC raised its holdings in BHP Group Limited (NYSE:BHP) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,614 shares of the mining company’s stock after buying an additional 2,194 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in BHP Group were worth $1,593,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new position in BHP Group during the 4th quarter valued at $29,000. Versant Capital Management Inc purchased a new position in shares of BHP Group during the fourth quarter valued at about $40,000. Union Bancaire Privee UBP SA bought a new position in BHP Group in the fourth quarter worth about $46,000. Newbridge Financial Services Group Inc. purchased a new stake in BHP Group in the fourth quarter worth about $54,000. Finally, Rothschild Investment LLC boosted its position in BHP Group by 119.4% during the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock valued at $64,000 after acquiring an additional 708 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BHP has been the subject of a number of research analyst reports. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Jefferies Financial Group dropped their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Up 1.6 %

Shares of NYSE:BHP opened at $49.44 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $49.89 and a two-hundred day simple moving average of $52.70. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The stock has a market capitalization of $125.36 billion, a price-to-earnings ratio of 11.24 and a beta of 0.90.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s payout ratio is 44.77%.

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.