BHP Group (NYSE:BHP) Stock Rating Lowered by StockNews.com

BHP Group (NYSE:BHP - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Wednesday.

Separately, Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Stock Performance

BHP Group stock traded down $0.70 on Wednesday, reaching $51.42. 2,155,845 shares of the stock were exchanged, compared to its average volume of 2,442,353. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group has a twelve month low of $48.06 and a twelve month high of $63.21. The firm has a fifty day moving average price of $49.81 and a two-hundred day moving average price of $53.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BHP. Northern Trust Corp increased its holdings in shares of BHP Group by 58.5% during the 4th 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 during the period. XY Capital Ltd increased its stake in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after acquiring an additional 768,972 shares during the period. Balyasny Asset Management L.P. increased its stake in BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after acquiring an additional 672,016 shares during the period. Wellington Management Group LLP increased its stake in BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock valued at $348,041,000 after acquiring an additional 642,765 shares during the period. Finally, Fisher Asset Management LLC increased its stake in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the period. 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.