BHP Group (NYSE:BHP) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of BHP Group (NYSE:BHP) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other analysts have also recently weighed in on the stock. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Bank of America cut their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, June 22nd. Finally, DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $78.00.

BHP Group Price Performance

Shares of BHP opened at $97.13 on Friday. The stock has a 50 day moving average price of $85.48 and a 200 day moving average price of $80.79. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. BHP Group has a 52-week low of $51.83 and a 52-week high of $97.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BHP. Bayban acquired a new stake in shares of BHP Group in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC grew its position in shares of BHP Group by 8,320.0% during the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after acquiring an additional 416 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of BHP Group in the 4th quarter valued at $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of BHP Group in the 4th quarter valued at $26,000. Finally, Ascentis Independent Advisors purchased a new stake in BHP Group in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

About BHP Group

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.