BHP Group Limited (NYSE:BHP - Get Free Report) was the target of some unusual options trading on Tuesday. Investors acquired 6,375 put options on the company. This is an increase of 96% compared to the average volume of 3,257 put options.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on BHP. StockNews.com downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. Citigroup upgraded BHP Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 14th. Finally, Liberum Capital restated a "hold" rating on shares of BHP Group in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.00.
Check Out Our Latest Stock Analysis on BHP Group
BHP Group Price Performance
BHP stock traded down $2.12 during mid-day trading on Tuesday, reaching $56.94. 3,170,740 shares of the company's stock were exchanged, compared to its average volume of 2,607,875. The stock's 50 day moving average is $58.16 and its 200 day moving average is $60.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group has a 12-month low of $54.28 and a 12-month high of $69.11.
BHP Group Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a dividend of $1.44 per share. The ex-dividend date was Thursday, March 7th. This represents a yield of 5.2%.
Hedge Funds Weigh In On BHP Group
A number of hedge funds have recently bought and sold shares of BHP. Salem Investment Counselors Inc. raised its holdings in shares of BHP Group by 110.0% during the second quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company's stock valued at $26,000 after acquiring an additional 241 shares during the last quarter. Covestor Ltd acquired a new position in shares of BHP Group during the first quarter valued at approximately $26,000. Russell Investments Group Ltd. acquired a new position in shares of BHP Group during the first quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of BHP Group during the fourth quarter valued at approximately $28,000. Finally, Rise Advisors LLC acquired a new stake in shares of BHP Group in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 3.79% of the company's stock.
BHP Group Company Profile
(
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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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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