Mercer Global Advisors Inc. ADV Invests $4.60 Million in BHP Group Limited (NYSE:BHP)

Mercer Global Advisors Inc. ADV acquired a new stake in BHP Group Limited (NYSE:BHP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 94,175 shares of the mining company’s stock, valued at approximately $4,599,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of BHP Group in the fourth quarter valued at about $29,000. Versant Capital Management Inc purchased a new stake in BHP Group in the 4th quarter valued at approximately $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group during the 4th quarter valued at $46,000. Allianz SE purchased a new position in BHP Group during the fourth quarter worth $51,000. Finally, Headlands Technologies LLC acquired a new position in shares of BHP Group in the fourth quarter worth $53,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BHP shares. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group cut their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $53.00.

BHP Group Stock Performance

BHP Group stock opened at $48.67 on Tuesday. The stock has a fifty day moving average price of $47.72 and a 200 day moving average price of $50.24. The company has a current ratio of 1.70, a quick ratio of 1.25 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 firm has a market capitalization of $123.42 billion, a P/E ratio of 11.06 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. Stockholders of record on Friday, March 7th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s payout ratio is currently 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.