Haven Private LLC Invests $214,000 in BHP Group Limited (NYSE:BHP)

Haven Private LLC purchased a new stake in BHP Group Limited (NYSE:BHP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,387 shares of the mining company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacific Heights Asset Management LLC increased its holdings in BHP Group by 56.3% in the fourth quarter. Pacific Heights Asset Management LLC now owns 250,000 shares of the mining company’s stock valued at $12,208,000 after buying an additional 90,000 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of BHP Group by 24.5% in the 4th quarter. West Family Investments Inc. now owns 12,533 shares of the mining company’s stock worth $612,000 after acquiring an additional 2,464 shares during the period. Callan Family Office LLC purchased a new position in BHP Group in the 4th quarter valued at approximately $2,611,000. Hartford Funds Management Co LLC raised its holdings in BHP Group by 50.0% during the fourth quarter. Hartford Funds Management Co LLC now owns 11,391 shares of the mining company’s stock worth $556,000 after purchasing an additional 3,797 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in BHP Group during the fourth quarter worth $25,878,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BHP shares. Clarkson Capital upgraded 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 research report on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their price target 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 equities 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $53.00.

BHP Group Stock Down 1.0 %

Shares of NYSE:BHP opened at $50.17 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $127.23 billion, a P/E ratio of 11.40 and a beta of 0.95. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The stock’s fifty day simple moving average is $49.86 and its 200-day simple moving average is $52.92.

BHP Group Cuts Dividend

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