Savant Capital LLC Invests $275,000 in BHP Group Limited (NYSE:BHP)

Savant Capital LLC bought a new position in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,032 shares of the mining company’s stock, valued at approximately $275,000.

Several other hedge funds have also modified their holdings of the stock. Morgan Stanley lifted its stake in BHP Group by 2.8% during the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after buying an additional 126,643 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after acquiring an additional 924,202 shares in the last quarter. FMR LLC boosted its stake in BHP Group by 10.6% in the 3rd quarter. FMR LLC now owns 1,223,009 shares of the mining company’s stock worth $69,565,000 after purchasing an additional 117,239 shares during the period. Westwood Global Investments LLC grew its position in BHP Group by 2.1% during the 3rd quarter. Westwood Global Investments LLC now owns 998,872 shares of the mining company’s stock worth $56,816,000 after purchasing an additional 20,412 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in BHP Group by 15.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 669,915 shares of the mining company’s stock worth $38,105,000 after purchasing an additional 88,907 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BHP. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.00.

BHP Group Price Performance

Shares of BHP Group stock opened at $56.86 on Tuesday. The stock has a 50-day simple moving average of $57.56 and a 200-day simple moving average of $60.19. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

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.