Rockefeller Capital Management L.P. Cuts Stock Holdings in BHP Group Limited (NYSE:BHP)

Rockefeller Capital Management L.P. cut its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,875 shares of the mining company's stock after selling 52,454 shares during the period. Rockefeller Capital Management L.P.'s holdings in BHP Group were worth $12,742,000 as of its most recent SEC filing.

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

BHP Group Stock Up 0.3 %

NYSE BHP traded up $0.13 during trading on Monday, reaching $46.62. 459,536 shares of the company's stock traded hands, compared to its average volume of 2,516,834. The firm has a market cap of $118.22 billion, a price-to-earnings ratio of 10.60 and a beta of 0.85. The company's 50 day simple moving average is $48.40 and its two-hundred day simple moving average is $51.04. 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 Limited has a 12-month low of $39.73 and a 12-month high of $63.21.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on BHP shares. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group lowered their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Finally, Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $53.00.

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.