BHP Group Limited (NYSE:BHP) Given Average Recommendation of “Hold” by Brokerages

BHP Group Limited (NYSE:BHPGet Free Report) has received an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $50.00.

A number of equities research analysts have weighed in on the company. StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th.

View Our Latest Research Report on BHP

Institutional Investors Weigh In On BHP Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in shares of BHP Group by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after acquiring an additional 589,317 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in BHP Group by 119.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock worth $798,672,000 after buying an additional 5,632,545 shares in the last quarter. Morgan Stanley grew its holdings in BHP Group by 1.3% during the fourth quarter. Morgan Stanley now owns 4,705,642 shares of the mining company’s stock worth $291,985,000 after buying an additional 61,012 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BHP Group by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company’s stock worth $302,625,000 after buying an additional 168,875 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after buying an additional 1,395,940 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.4 %

BHP Group stock opened at $59.17 on Wednesday. The stock’s 50 day moving average is $58.71 and its 200 day moving average is $59.98. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. BHP Group has a one year low of $54.28 and a one year high of $69.11.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%.

About BHP Group

(Get Free Report

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.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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