BHP Group (NYSE:BHP) Downgraded by Sanford C. Bernstein to Market Perform

Sanford C. Bernstein downgraded shares of BHP Group (NYSE:BHP) from an outperform rating to a market perform rating in a research report report published on Monday, MarketBeat Ratings reports.

Other equities analysts have also issued research reports about the stock. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Stock Down 0.3%

BHP Group stock opened at $50.34 on Monday. The company has a 50-day simple moving average of $47.74 and a 200-day simple moving average of $49.77. The firm has a market capitalization of $127.65 billion, a P/E ratio of 11.44 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group has a one year low of $39.73 and a one year high of $63.21.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio is presently 44.77%.

Hedge Funds Weigh In On BHP Group

A number of institutional investors and hedge funds have recently bought and sold shares of BHP. WFA Asset Management Corp bought a new position in BHP Group in the 1st quarter valued at about $26,000. Costello Asset Management INC bought a new position in BHP Group in the 1st quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in BHP Group in the 1st quarter valued at about $27,000. Sierra Ocean LLC bought a new position in BHP Group in the 4th quarter valued at about $29,000. Finally, Compagnie Lombard Odier SCmA bought a new position in BHP Group in the 1st quarter valued at about $32,000. Institutional investors 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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.