BHP Group (NYSE:BHP) Raised to Hold at DZ Bank

BHP Group (NYSE:BHP) was upgraded by equities researchers at DZ Bank from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also weighed in on the company. Bank of America lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Argus set a $95.00 price target on BHP Group in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research note on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Up 1.3%

NYSE:BHP opened at $88.98 on Thursday. The stock’s 50-day simple moving average is $79.02 and its 200 day simple moving average is $70.12. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group has a twelve month low of $45.74 and a twelve month high of $91.45.

Institutional Trading of BHP Group

A number of hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of BHP Group by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock valued at $1,412,807,000 after purchasing an additional 252,825 shares in the last quarter. Morgan Stanley boosted its stake in shares of BHP Group by 22.8% during the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after acquiring an additional 697,316 shares during the period. Northern Trust Corp lifted its stake in shares of BHP Group by 5.3% in the third quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock worth $136,228,000 after acquiring an additional 123,382 shares during the period. Finally, SIH Partners LLLP lifted its stake in shares of BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after acquiring an additional 1,677,739 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

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.