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

StockNews.com lowered shares of BHP Group (NYSE:BHP) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

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

BHP Group Stock Up 1.0 %

BHP Group stock opened at $50.06 on Friday. BHP Group has a 12-month low of $48.06 and a 12-month high of $63.21. The stock has a 50-day simple moving average of $50.87 and a 200 day simple moving average of $54.24. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Institutional Trading of BHP Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in BHP Group by 8.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 166,840 shares of the mining company’s stock valued at $8,147,000 after purchasing an additional 12,566 shares during the period. Royal Fund Management LLC grew its holdings in BHP Group by 7.2% during the 4th quarter. Royal Fund Management LLC now owns 18,844 shares of the mining company’s stock worth $921,000 after acquiring an additional 1,261 shares during the period. Ballentine Partners LLC grew its stake in shares of BHP Group by 85.3% during the fourth quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company’s stock worth $675,000 after purchasing an additional 6,359 shares during the period. Strong Tower Advisory Services grew its holdings in BHP Group by 8.5% during the fourth quarter. Strong Tower Advisory Services now owns 33,321 shares of the mining company’s stock valued at $1,627,000 after purchasing an additional 2,601 shares during the period. Finally, J2 Capital Management Inc bought a new stake in shares of BHP Group in the fourth quarter worth about $223,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

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.