BHP Group (NYSE:BHP) Downgraded by Sanford C. Bernstein to “Market Perform”

BHP Group (NYSE:BHP) was downgraded by Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Monday, Marketbeat Ratings reports.

A number of other research analysts have also issued reports on the stock. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Down 0.6%

Shares of NYSE BHP traded down $0.29 during trading hours on Monday, hitting $50.23. 1,334,067 shares of the stock were exchanged, compared to its average volume of 2,546,762. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a market cap of $127.36 billion, a PE ratio of 11.41 and a beta of 0.86. The firm has a fifty day moving average price of $47.71 and a 200-day moving average price of $49.81. BHP Group has a 12 month low of $39.73 and a 12 month high of $63.21.

Hedge Funds Weigh In On BHP Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after purchasing an additional 109,337 shares in the last quarter. Ballentine Partners LLC lifted its holdings in BHP Group by 85.3% during the fourth quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company’s stock valued at $675,000 after purchasing an additional 6,359 shares in the last quarter. Blue Trust Inc. lifted its holdings in BHP Group by 46.9% during the fourth quarter. Blue Trust Inc. now owns 22,469 shares of the mining company’s stock valued at $1,097,000 after purchasing an additional 7,174 shares in the last quarter. Principal Securities Inc. lifted its holdings in BHP Group by 15.4% during the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock valued at $381,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in BHP Group by 8.1% during the fourth 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 in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

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.