BHP Group (NYSE:BHP) Shares Gap Down to $58.31

BHP Group Limited (NYSE:BHP) gapped down prior to trading on Tuesday . The stock had previously closed at $58.31, but opened at $57.00. BHP Group shares last traded at $56.87, with a volume of 351,768 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup assumed coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.00.

BHP Group Stock Down 2.5 %

The firm has a 50 day moving average price of $58.33 and a 200-day moving average price of $59.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

Institutional Trading of BHP Group

Several large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in shares of BHP Group by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock worth $1,359,518,000 after acquiring an additional 589,317 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of BHP Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company’s stock worth $302,625,000 after acquiring an additional 168,875 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of BHP Group by 46.6% during the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after acquiring an additional 1,395,940 shares in the last quarter. Norges Bank bought a new stake in shares of BHP Group during the 4th quarter worth about $191,837,000. Finally, Westwood Global Investments LLC boosted its stake in shares of BHP Group by 1.3% during the 1st quarter. Westwood Global Investments LLC now owns 1,168,988 shares of the mining company’s stock worth $67,439,000 after acquiring an additional 14,691 shares in the last quarter. 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.