BHP Group Limited (NYSE:BHP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of BHP Group Limited (NYSE:BHP) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently commented on BHP shares. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup initiated coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th.

BHP Group Trading Up 1.9 %

NYSE BHP opened at $62.04 on Wednesday. The business’s 50-day moving average price is $54.19 and its two-hundred day moving average price is $56.63. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group has a 12 month low of $50.90 and a 12 month high of $69.11.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $1.465 per share. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC increased its stake in BHP Group by 48.9% in the first quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock valued at $35,000 after purchasing an additional 197 shares in the last quarter. Pinnacle West Asset Management Inc. increased its position in BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after buying an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in BHP Group by 0.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after buying an additional 202 shares during the period. Ballentine Partners LLC boosted its holdings in BHP Group by 2.6% in the first quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock worth $474,000 after acquiring an additional 205 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC grew its stake in BHP Group by 1.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock valued at $1,097,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

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.