Mariner LLC Sells 17,155 Shares of BHP Group Limited (NYSE:BHP)

Mariner LLC lowered its stake in BHP Group Limited (NYSE:BHP - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,337 shares of the mining company's stock after selling 17,155 shares during the period. Mariner LLC's holdings in BHP Group were worth $6,999,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BHP. Barclays PLC lifted its holdings in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after purchasing an additional 109,337 shares during the last quarter. Passumpsic Savings Bank grew its stake in BHP Group by 8.3% in the third quarter. Passumpsic Savings Bank now owns 4,548 shares of the mining company's stock valued at $282,000 after purchasing an additional 349 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BHP Group in the third quarter worth approximately $114,000. Optimist Retirement Group LLC increased its stake in shares of BHP Group by 16.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 38,823 shares of the mining company's stock worth $2,411,000 after purchasing an additional 5,432 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in BHP Group by 21.8% during the third quarter. Tidal Investments LLC now owns 141,455 shares of the mining company's stock valued at $8,786,000 after buying an additional 25,342 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BHP shares. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a report on Friday, February 28th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $53.00.

BHP Group Stock Performance

BHP stock traded down $0.86 on Friday, reaching $48.45. 1,588,829 shares of the company were exchanged, compared to its average volume of 2,528,030. The firm has a market capitalization of $122.85 billion, a PE ratio of 11.00 and a beta of 0.85. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. The stock's fifty day moving average price is $48.13 and its 200 day moving average price is $50.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

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

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.