BHP Group (NYSE:BHP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of BHP Group (NYSE:BHP – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a buy rating on the mining company’s stock.

Several other research analysts also recently commented on BHP. The Goldman Sachs Group downgraded BHP Group from a buy rating to a neutral rating in a research note on Thursday, November 24th. Barclays decreased their price objective on BHP Group from GBX 2,700 ($32.91) to GBX 2,550 ($31.08) in a research note on Wednesday, February 22nd. CLSA downgraded BHP Group from an outperform rating to an underperform rating in a research note on Tuesday, January 17th. Bank of America raised BHP Group from a neutral rating to a buy rating in a research note on Wednesday, November 23rd. Finally, Berenberg Bank decreased their price objective on BHP Group from GBX 3,000 ($36.56) to GBX 2,900 ($35.34) in a research note on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $2,211.50.

BHP Group Stock Performance

BHP stock opened at $57.60 on Thursday. BHP Group has a fifty-two week low of $46.92 and a fifty-two week high of $79.66. The business’s 50-day moving average is $65.69 and its two-hundred day moving average is $58.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.28.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 30th. Investors of record on Friday, March 10th will be given a dividend of $1.80 per share. This represents a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, March 9th.

Institutional Trading of BHP Group

Several institutional investors have recently made changes to their positions in the business. Klingman & Associates LLC grew its holdings in BHP Group by 3.7% during the 4th quarter. Klingman & Associates LLC now owns 4,333 shares of the mining company’s stock valued at $269,000 after buying an additional 155 shares in the last quarter. RNC Capital Management LLC grew its holdings in BHP Group by 0.7% during the 4th quarter. RNC Capital Management LLC now owns 26,096 shares of the mining company’s stock valued at $1,619,000 after buying an additional 176 shares in the last quarter. Optimum Investment Advisors grew its holdings in BHP Group by 20.0% during the 4th quarter. Optimum Investment Advisors now owns 1,200 shares of the mining company’s stock valued at $74,000 after buying an additional 200 shares in the last quarter. Ridgewood Investments LLC grew its holdings in BHP Group by 3.0% during the 4th quarter. Ridgewood Investments LLC now owns 6,973 shares of the mining company’s stock valued at $433,000 after buying an additional 205 shares in the last quarter. Finally, West Family Investments Inc. grew its holdings in BHP Group by 2.1% during the 4th quarter. West Family Investments Inc. now owns 10,385 shares of the mining company’s stock valued at $644,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 5.90% of the company’s stock.

About BHP Group

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BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.