BHP Group (NYSE:BHP) Sees Unusually-High Trading Volume

Shares of BHP Group (NYSE:BHP) saw unusually-strong trading volume on Thursday . Approximately 164,962 shares changed hands during mid-day trading, a decline of 94% from the previous session’s volume of 2,963,532 shares.The stock last traded at $67.14 and had previously closed at $67.15.

Several analysts have commented on BHP shares. Zacks Investment Research raised shares of BHP Group from a “strong sell” rating to a “hold” rating and set a $57.00 target price for the company in a research report on Tuesday, November 23rd. Royal Bank of Canada downgraded shares of BHP Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 29th. Berenberg Bank downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Monday, September 20th. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $80.00 to $71.00 in a report on Wednesday, October 20th. Finally, Bank of America cut shares of BHP Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $59.00 to $39.00 in a research note on Tuesday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.67.

The company’s 50 day moving average is $58.02 and its 200 day moving average is $62.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 1.63.

Several hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of BHP Group by 28.7% during the 1st quarter. FMR LLC now owns 29,000 shares of the mining company’s stock worth $1,585,000 after purchasing an additional 6,471 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of BHP Group by 417.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 319,130 shares of the mining company’s stock worth $17,447,000 after purchasing an additional 257,502 shares in the last quarter. Sei Investments Co. increased its position in shares of BHP Group by 23.4% during the 2nd quarter. Sei Investments Co. now owns 19,381 shares of the mining company’s stock worth $1,418,000 after purchasing an additional 3,672 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of BHP Group by 197.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 366 shares of the mining company’s stock worth $27,000 after purchasing an additional 243 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of BHP Group by 15.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 44,127 shares of the mining company’s stock worth $3,212,000 after purchasing an additional 5,744 shares in the last quarter. Institutional investors own 6.73% of the company’s stock.

BHP Group Company Profile (NYSE:BHP)

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.

Further Reading: Pattern Day Trader

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.