BHP Group Limited (NYSE:BHP) Receives Consensus Recommendation of "Buy" from Analysts

Shares of BHP Group Limited (NYSE:BHP - Get Free Report) have earned a consensus recommendation of "Buy" from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $53.00.

A number of 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 report on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group lowered their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th.

Hedge Funds Weigh In On BHP Group

Institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $29,000. Versant Capital Management Inc acquired a new position in BHP Group during the 4th quarter worth $40,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group during the 4th quarter worth about $46,000. Allianz SE purchased a new position in BHP Group in the fourth quarter worth approximately $51,000. Finally, Headlands Technologies LLC acquired a new position in shares of BHP Group during the fourth quarter worth $53,000. 3.79% of the stock is owned by institutional investors and hedge funds.

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BHP Group Price Performance

Shares of BHP stock traded up $0.38 during trading hours on Wednesday, reaching $49.68. The company had a trading volume of 2,113,635 shares, compared to its average volume of 2,409,790. BHP Group has a 12-month low of $48.06 and a 12-month high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market capitalization of $125.98 billion, a price-to-earnings ratio of 11.29 and a beta of 0.90. The stock has a fifty day moving average of $50.03 and a 200-day moving average of $52.52.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued a $1.00 dividend. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio is presently 44.77%.

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.