BHP Group (NYSE:BHP) Upgraded to “Hold” at Berenberg Bank

Berenberg Bank upgraded shares of BHP Group (NYSE:BHP) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, MarketBeat reports.

BHP has been the subject of several other research reports. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has an average rating of “Hold” and a consensus target price of $53.33.

BHP Group Price Performance

BHP Group stock opened at $73.19 on Thursday. BHP Group has a one year low of $39.73 and a one year high of $83.21. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $72.68 and a 200-day moving average price of $62.89.

BHP Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were paid a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

Institutional Trading of BHP Group

A number of large investors have recently modified their holdings of BHP. AQR Capital Management LLC increased its position in shares of BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after purchasing an additional 22,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BHP Group by 20.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after buying an additional 2,331 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in BHP Group in the 2nd quarter worth approximately $228,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BHP Group by 20.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,999 shares of the mining company’s stock worth $1,635,000 after buying an additional 5,854 shares during the last quarter. Finally, Norges Bank bought a new position in shares of BHP Group in the 2nd quarter worth $20,262,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.