BHP Group Limited (NYSE:BHP) Given Consensus Rating of "Hold" by Brokerages

Shares of BHP Group Limited (NYSE:BHP - Get Free Report) have earned a consensus rating of "Hold" from the nine analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $50.00.

Several research firms recently issued reports on BHP. Citigroup upgraded BHP Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 14th. StockNews.com cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. Finally, Liberum Capital reissued a "hold" rating on shares of BHP Group in a research note on Tuesday, March 5th.

BHP Group Stock Down 0.5 %

NYSE BHP traded down $0.32 on Wednesday, reaching $58.85. The stock had a trading volume of 3,776,912 shares, compared to its average volume of 2,555,436. BHP Group has a 12-month low of $54.28 and a 12-month high of $69.11. The stock has a fifty day moving average price of $58.67 and a two-hundred day moving average price of $59.98. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $1.44 per share. This represents a dividend yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairfield Bush & CO. grew its stake in shares of BHP Group by 1.1% during the first quarter. Fairfield Bush & CO. now owns 19,463 shares of the mining company's stock worth $1,504,000 after purchasing an additional 211 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in BHP Group by 70.0% during the 1st quarter. Bank of New York Mellon Corp now owns 79,400 shares of the mining company's stock worth $6,134,000 after buying an additional 32,699 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of BHP Group by 62.9% during the 1st quarter. Private Advisor Group LLC now owns 8,865 shares of the mining company's stock worth $685,000 after acquiring an additional 3,424 shares in the last quarter. BlackRock Inc. increased its holdings in shares of BHP Group by 18.5% in the 1st quarter. BlackRock Inc. now owns 1,821,564 shares of the mining company's stock valued at $140,716,000 after acquiring an additional 283,915 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of BHP Group by 71.7% during the 1st quarter. Yousif Capital Management LLC now owns 39,175 shares of the mining company's stock worth $3,026,000 after acquiring an additional 16,359 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

About BHP Group

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.