Frank Rimerman Advisors LLC Makes New $1.93 Million Investment in BHP Group Limited (NYSE:BHP)

Frank Rimerman Advisors LLC acquired a new stake in shares of BHP Group Limited (NYSE:BHP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 33,732 shares of the mining company’s stock, valued at approximately $1,926,000.

Other hedge funds have also made changes to their positions in the company. Shorepath Capital Management LLC acquired a new position in BHP Group in the 4th quarter valued at approximately $4,354,000. Addenda Capital Inc. raised its stake in shares of BHP Group by 27.1% in the first quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after purchasing an additional 23,968 shares in the last quarter. Virtu Financial LLC bought a new position in BHP Group in the first quarter worth $1,953,000. Quantbot Technologies LP boosted its stake in BHP Group by 104.7% during the first quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock worth $1,894,000 after buying an additional 16,788 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in BHP Group by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after buying an additional 551,575 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP Group stock opened at $53.79 on Friday. The stock has a market capitalization of $136.25 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 3.41 and a beta of 0.96. The firm’s 50-day moving average price is $54.15 and its two-hundred day moving average price is $56.63. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a dividend of $1.465 per share. This represents a yield of 5.2%. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. BHP Group’s dividend payout ratio (DPR) is currently 59.07%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BHP shares. Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Citigroup initiated coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy”.

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