BHP Group (NYSE:BHP) Shares Gap Down to $59.06

BHP Group Limited (NYSE:BHP - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $59.06, but opened at $57.15. BHP Group shares last traded at $56.77, with a volume of 634,296 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on BHP. Liberum Capital restated a "hold" rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup upgraded BHP Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 14th. Finally, StockNews.com cut BHP Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $50.00.

BHP Group Trading Down 3.6 %

The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $58.16 and a 200 day simple moving average of $60.13.

BHP Group Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHP. Fisher Asset Management LLC grew its holdings in shares of BHP Group by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company's stock worth $1,359,518,000 after purchasing an additional 589,317 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company's stock worth $798,672,000 after purchasing an additional 5,632,545 shares in the last quarter. Morgan Stanley grew its holdings in shares of BHP Group by 1.3% during the 4th quarter. Morgan Stanley now owns 4,705,642 shares of the mining company's stock worth $291,985,000 after purchasing an additional 61,012 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BHP Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company's stock worth $302,625,000 after purchasing an additional 168,875 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of BHP Group by 46.6% during the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company's stock worth $299,847,000 after purchasing an additional 1,395,940 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Company Profile

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.