BHP Group (NYSE:BHP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BHP Group (NYSE:BHP) from a hold rating to a buy rating in a report released on Saturday.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $56.00.

BHP Group Stock Performance

BHP opened at $78.06 on Friday. BHP Group has a one year low of $39.73 and a one year high of $78.24. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The business’s 50-day simple moving average is $66.68 and its 200-day simple moving average is $59.37.

BHP Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 6th will be given a $1.46 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 399.0%.

Institutional Investors Weigh In On BHP Group

A number of institutional investors have recently bought and sold shares of BHP. Parallel Advisors LLC grew its position in BHP Group by 1.3% during the fourth quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after acquiring an additional 150 shares during the period. Bailard Inc. grew its holdings in shares of BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after purchasing an additional 174 shares during the period. Addison Advisors LLC increased its position in BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after purchasing an additional 181 shares in the last quarter. Financial Management Professionals Inc. increased its position in BHP Group by 3.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,418 shares of the mining company’s stock worth $358,000 after purchasing an additional 185 shares in the last quarter. Finally, TT Capital Management LLC raised its holdings in BHP Group by 3.5% in the second quarter. TT Capital Management LLC now owns 5,617 shares of the mining company’s stock valued at $270,000 after buying an additional 190 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.