BHP Group Limited (NYSE:BHP) Receives Average Rating of “Hold” from Analysts

Shares of BHP Group Limited (NYSE:BHP) have received a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $37.33.

BHP has been the topic of several recent research reports. BNP Paribas raised shares of BHP Group from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 28th. Liberum Capital raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. StockNews.com began coverage on shares of BHP Group in a report on Thursday, August 17th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of BHP Group from $47.00 to $50.00 in a report on Wednesday. Finally, Berenberg Bank lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Fisher Asset Management LLC lifted its position in BHP Group by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 18,565,777 shares of the mining company’s stock valued at $1,107,819,000 after acquiring an additional 440,525 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock valued at $798,672,000 after acquiring an additional 5,632,545 shares during the period. Morgan Stanley lifted its position in BHP Group by 1.3% during the 4th quarter. Morgan Stanley now owns 4,705,642 shares of the mining company’s stock valued at $291,985,000 after acquiring an additional 61,012 shares during the period. Dimensional Fund Advisors LP lifted its position in BHP Group by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,121,564 shares of the mining company’s stock valued at $245,935,000 after acquiring an additional 199,267 shares during the period. Finally, Bank of America Corp DE lifted its position in BHP Group by 33.2% during the 1st quarter. Bank of America Corp DE now owns 3,768,982 shares of the mining company’s stock valued at $238,991,000 after acquiring an additional 938,755 shares during the period.

BHP Group Stock Performance

BHP stock opened at $58.45 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. BHP Group has a 52 week low of $46.92 and a 52 week high of $71.52. The firm’s fifty day moving average is $58.75 and its 200 day moving average is $59.51.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be given a $1.60 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 5.9%.

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.