BHP Group (NYSE:BHP - Get Free Report) was downgraded by equities research analysts at Macquarie from an "outperform" rating to a "neutral" rating in a report issued on Friday, MarketBeat.com reports.
BHP has been the topic of several other research reports. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $53.00.
View Our Latest Report on BHP
BHP Group Stock Up 3.3%
Shares of NYSE:BHP traded up $1.74 during trading on Friday, hitting $53.58. The company's stock had a trading volume of 1,024,510 shares, compared to its average volume of 2,713,125. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock's 50-day moving average price is $49.54 and its two-hundred day moving average price is $49.00. The company has a market capitalization of $135.85 billion, a PE ratio of 12.17 and a beta of 0.80.
Institutional Trading of BHP Group
Several large investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new stake in shares of BHP Group during the first quarter worth $280,000. Allspring Global Investments Holdings LLC increased its position in BHP Group by 5.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock worth $654,000 after buying an additional 764 shares during the last quarter. Deutsche Bank AG increased its position in BHP Group by 160.0% during the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after buying an additional 1,200 shares during the last quarter. GAMMA Investing LLC increased its position in BHP Group by 81.4% during the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock worth $141,000 after buying an additional 1,301 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in BHP Group by 9.4% during the first quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock worth $1,317,000 after buying an additional 2,333 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.
About BHP Group
(
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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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
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