BHP Group’s (BHP) Neutral Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of BHP Group (NYSE:BHP) in a research report report published on Wednesday morning, Marketbeat.com reports.

Several other research analysts have also recently weighed in on BHP. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Argus cut BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Berenberg Bank reiterated a “sell” rating and set a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. Finally, Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.50.

BHP Group Stock Up 2.6%

Shares of BHP stock opened at $55.9250 on Wednesday. The stock has a 50 day moving average of $51.23 and a 200 day moving average of $49.67. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The stock has a market cap of $141.81 billion, a P/E ratio of 12.71 and a beta of 0.80. BHP Group has a twelve month low of $39.73 and a twelve month high of $63.21.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be given a $1.185 dividend. This represents a dividend yield of 410.0%. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date is Friday, September 5th. BHP Group’s dividend payout ratio (DPR) is presently 44.77%.

Institutional Trading of BHP Group

Several large investors have recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of BHP Group by 1.9% during the second quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock worth $1,098,484,000 after purchasing an additional 429,330 shares in the last quarter. Wellington Management Group LLP increased its position in shares of BHP Group by 1.2% during the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock worth $270,808,000 after purchasing an additional 63,641 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after purchasing an additional 1,490,012 shares in the last quarter. Northern Trust Corp increased its position in shares of BHP Group by 58.5% during the fourth 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 in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in shares of BHP Group during the second quarter worth approximately $68,953,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

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.