BHP Group (NYSE:BHP) Upgraded at Berenberg Bank
by Danessa Lincoln · The Markets DailyBerenberg Bank upgraded shares of BHP Group (NYSE:BHP – Free Report) from a sell rating to a hold rating in a research report released on Thursday morning, Marketbeat Ratings reports.
A number of other research analysts have also recently issued reports on BHP. Sanford C. Bernstein lowered their price objective on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, December 30th. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and a consensus target price of $53.33.
BHP Group Stock Down 0.1%
BHP stock opened at $73.19 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $72.80 and a 200-day moving average price of $63.08. BHP Group has a 52-week low of $39.73 and a 52-week high of $83.21.
BHP Group Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were given a $1.46 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a yield of 399.0%.
Institutional Trading of BHP Group
Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its holdings in shares of BHP Group by 22.8% during the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. SIH Partners LLLP increased its holdings in BHP Group by 937.5% in the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after buying an additional 1,677,739 shares in the last quarter. Bank of Montreal Can raised its position in BHP Group by 264.4% in the 4th quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock worth $82,018,000 after buying an additional 985,794 shares during the last quarter. Bank of America Corp DE lifted its stake in BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after acquiring an additional 697,316 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in BHP Group during the 3rd quarter valued at about $27,234,000. Institutional investors own 3.79% of the company’s stock.
About BHP Group
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.