Goldman Sachs Group cut shares of BHP Group (NYSE:BHP) from a buy rating to a neutral rating in a research note published on Monday morning, The Fly reports.
A number of other research analysts also recently commented on the stock. ValuEngine raised shares of BHP Group from a sell rating to a hold rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of BHP Group from a buy rating to a hold rating in a report on Monday, December 10th. JPMorgan Chase & Co. downgraded shares of BHP Group from an overweight rating to a neutral rating in a report on Thursday, December 6th. CLSA downgraded shares of BHP Group from an outperform rating to an underperform rating in a report on Thursday, February 7th. Finally, Sanford C. Bernstein raised shares of BHP Group to a buy rating in a report on Thursday, December 20th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $48.25.
Shares of BHP Group stock opened at $50.90 on Monday. The stock has a market cap of $81.55 billion, a PE ratio of 15.15, a PEG ratio of 2.62 and a beta of 0.82. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40. BHP Group has a twelve month low of $43.10 and a twelve month high of $52.62.
The firm also recently declared a dividend, which was paid on Wednesday, January 30th. Investors of record on Friday, January 11th were issued a $2.04 dividend. This is an increase from BHP Group’s previous dividend of $0.32. The ex-dividend date was Thursday, January 10th. BHP Group’s dividend payout ratio (DPR) is presently 75.00%.
Large investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC lifted its holdings in shares of BHP Group by 62.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 8,712 shares of the mining company’s stock valued at $434,000 after acquiring an additional 3,338 shares during the last quarter. Renaissance Technologies LLC bought a new stake in BHP Group in the third quarter worth about $12,445,000. Athos Capital Ltd bought a new stake in BHP Group in the third quarter worth about $2,105,000. FNY Investment Advisers LLC bought a new stake in BHP Group in the third quarter worth about $498,000. Finally, Blair William & Co. IL lifted its stake in BHP Group by 82.9% in the third quarter. Blair William & Co. IL now owns 17,927 shares of the mining company’s stock worth $893,000 after purchasing an additional 8,125 shares during the last quarter. 3.42% of the stock is owned by hedge funds and other institutional investors.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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