Riverview Capital Advisers LLC Acquires New Position in BHP Group Limited (NYSE:BHP)

Riverview Capital Advisers LLC purchased a new stake in BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,723 shares of the mining company’s stock, valued at approximately $1,110,000.

A number of other institutional investors have also made changes to their positions in BHP. Barclays PLC raised its holdings in BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after purchasing an additional 109,337 shares during the period. Moody National Bank Trust Division bought a new stake in BHP Group during the 4th quarter worth approximately $401,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $249,000. Kathmere Capital Management LLC bought a new stake in BHP Group in the 4th quarter valued at $206,000. Finally, Park Avenue Securities LLC increased its holdings in BHP Group by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 18,080 shares of the mining company’s stock worth $883,000 after purchasing an additional 1,824 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of NYSE BHP opened at $50.24 on Thursday. 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 stock has a 50 day moving average price of $47.67 and a 200 day moving average price of $49.99. The stock has a market capitalization of $127.40 billion, a PE ratio of 11.42 and a beta of 0.86. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21.

BHP Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a 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 company’s stock. According to data from MarketBeat.com, BHP Group presently has a consensus rating of “Buy” and an average price target of $53.00.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.