BHP Group (NYSE:BHP) Shares Cross Above 200-Day Moving Average – Time to Sell?

BHP Group Limited Sponsored ADR (NYSE:BHP – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $81.06 and traded as high as $82.70. BHP Group shares last traded at $82.5630, with a volume of 4,379,056 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BHP. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Finally, Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average price target of $78.00.

Read Our Latest Report on BHP

BHP Group Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88. The company’s 50-day moving average price is $87.12 and its 200 day moving average price is $81.26.

BHP Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th were given a $1.98 dividend. This represents a dividend yield of 438.0%. The ex-dividend date was Friday, September 4th.

Institutional Trading of BHP Group

Several institutional investors have recently made changes to their positions in the business. Main Street Research LLC purchased a new position in shares of BHP Group during the first quarter valued at approximately $37,767,000. SteelPeak Wealth LLC purchased a new stake in shares of BHP Group in the third quarter worth approximately $5,608,000. Legacy Wealth Asset Management LLC lifted its stake in shares of BHP Group by 119.7% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 32,654 shares of the mining company’s stock worth $2,770,000 after acquiring an additional 17,793 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of BHP Group by 28.8% during the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company’s stock worth $17,035,000 after acquiring an additional 45,759 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of BHP Group during the 1st quarter worth approximately $18,591,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

About BHP Group

(Get Free Report)

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP’s principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.

See Also

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.