BHP Group (NYSE:BHP) Shares Gap Down to $59.06

Shares of BHP Group Limited (NYSE:BHP) gapped down prior to trading on Tuesday . The stock had previously closed at $59.06, but opened at $57.15. BHP Group shares last traded at $56.77, with a volume of 634,296 shares changing hands.

Analyst Ratings Changes

BHP has been the subject of several research reports. StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.00.

BHP Group Stock Performance

The company’s fifty day moving average price is $58.11 and its two-hundred day moving average price is $60.12. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were given a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Hedge Funds Weigh In On BHP Group

A number of institutional investors and hedge funds have recently bought and sold shares of BHP. Jeppson Wealth Management LLC raised its stake in shares of BHP Group by 24.4% during the first quarter. Jeppson Wealth Management LLC now owns 31,608 shares of the mining company’s stock valued at $1,823,000 after purchasing an additional 6,201 shares during the period. Founders Financial Securities LLC purchased a new stake in BHP Group during the 1st quarter worth $630,000. Vicus Capital lifted its holdings in BHP Group by 0.3% in the 1st quarter. Vicus Capital now owns 263,927 shares of the mining company’s stock worth $15,226,000 after buying an additional 908 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in BHP Group by 0.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 47,813 shares of the mining company’s stock valued at $2,758,000 after buying an additional 266 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of BHP Group by 15.0% during the first quarter. Financial Management Professionals Inc. now owns 5,052 shares of the mining company’s stock valued at $291,000 after acquiring an additional 659 shares in the last quarter. Hedge funds and other 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.