BHP Group Limited (NYSE:BHP) Receives $53.00 Consensus PT from Analysts

BHP Group Limited (NYSE:BHP) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $53.00.

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group reduced their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. Wellington Management Group LLP increased its holdings in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares during the period. Northern Trust Corp increased its holdings in shares of BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after purchasing an additional 846,963 shares during the period. FMR LLC increased its holdings in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares during the period. Finally, XY Capital Ltd increased its holdings in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

BHP stock opened at $51.11 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a fifty day simple moving average of $49.80 and a 200 day simple moving average of $53.13.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.