BHP Group (NYSE:BHP) Stock Rating Upgraded by Berenberg Bank

BHP Group (NYSE:BHP) was upgraded by equities research analysts at Berenberg Bank from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

BHP has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Sanford C. Bernstein decreased their target price on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Citigroup restated a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average price target of $53.33.

BHP Group Trading Up 1.1%

BHP stock opened at $73.52 on Thursday. BHP Group has a 52-week low of $39.73 and a 52-week high of $83.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The business has a fifty day moving average of $72.52 and a two-hundred day moving average of $62.82.

Institutional Trading of BHP Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its stake in shares of BHP Group by 36.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 417,845 shares of the mining company’s stock valued at $25,225,000 after purchasing an additional 111,967 shares during the period. Larry Mathis Financial Planning LLC purchased a new stake in BHP Group during the 4th quarter worth approximately $510,000. Bayban acquired a new stake in BHP Group during the 4th quarter worth approximately $25,000. Pure Financial Advisors LLC acquired a new stake in BHP Group during the 4th quarter worth approximately $305,000. Finally, Ovata Capital Management Ltd boosted its position in BHP Group by 103.6% in the 4th quarter. Ovata Capital Management Ltd now owns 46,187 shares of the mining company’s stock valued at $2,806,000 after buying an additional 23,500 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

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.