Riverview Capital Advisers LLC Makes New $1.11 Million Investment in BHP Group Limited (NYSE:BHP)

Riverview Capital Advisers LLC acquired a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,723 shares of the mining company's stock, valued at approximately $1,110,000.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC increased its position in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after purchasing an additional 280,258 shares in the last quarter. Northern Trust Corp grew its holdings in BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after acquiring an additional 846,963 shares during the period. Marshall Wace LLP boosted its position in BHP Group by 16.9% during the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after acquiring an additional 102,433 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in BHP Group by 9.7% in the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after purchasing an additional 57,097 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Price Performance

Shares of NYSE BHP traded down $0.02 during trading hours on Friday, reaching $50.51. 3,264,795 shares of the stock traded hands, compared to its average volume of 2,551,475. The company's 50-day simple moving average is $47.71 and its two-hundred day simple moving average is $49.85. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a market capitalization of $128.09 billion, a P/E ratio of 11.48 and a beta of 0.86.

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 paid 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

BHP has been the topic of a number of research analyst reports. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, BHP Group currently has an average rating of "Buy" and a consensus 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.