BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Consensus Rating of “Hold” from Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given a consensus rating of “Hold” by the nine analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $56.00.

BHP has been the subject of a number of research analyst reports. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Avantax Advisory Services Inc. grew its position in BHP Group by 12.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 143,182 shares of the mining company’s stock valued at $6,886,000 after buying an additional 15,398 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of BHP Group by 24.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company’s stock valued at $6,356,000 after purchasing an additional 22,388 shares during the period. Rockefeller Capital Management L.P. lifted its stake in BHP Group by 5.4% during the second quarter. Rockefeller Capital Management L.P. now owns 301,443 shares of the mining company’s stock valued at $14,496,000 after buying an additional 15,326 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.9% in the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after acquiring an additional 429,330 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of BHP Group by 14.2% in the second quarter. American Century Companies Inc. now owns 778,244 shares of the mining company’s stock worth $37,426,000 after buying an additional 96,585 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP opened at $81.54 on Friday. BHP Group has a 1 year low of $39.73 and a 1 year high of $82.34. The company’s 50 day simple moving average is $68.43 and its 200 day simple moving average is $60.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

BHP Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 6th will be given a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date of this dividend is Friday, March 6th.

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.