The volume in the options market for BHP Group Limited (NYSE: BHP) was unusually high on Friday. Six thousand one hundred eight call options on the company were bought on the stock exchange. This is an increase of 43% over the typical volume of 4,268 call options.
A semi-annual dividend that the corporation recently declared was paid out on September 22. On Friday, September 2, investors got a dividend payment of $3.50. The yield that results is 11.3%. Previously distributed biannually and valued at $3.00, the BHP Group dividend has been raised to this amount. This payment’s ex-dividend date was September 1.
The volume of shares traded on Friday was lower than the 4,320,183 daily average at 222,204. The price increased by $2.92. As a result, reaching $57.36. The company’s debt-to-equity ratio, quick ratio, and current ratio are 0.28, 1.40, and 1.69, respectively. The stock’s fifty-day moving average is $50.53, and its 200-day moving average is $56.26. The annual cost of BHP Group ranges between $46.92 and $79.66.
Many brokerages have recently commented on BHP. Deutsche Bank Aktiengesellschaft lowered their target price on shares of BHP Group from GBX 2,200 ($25.33) to GBX 2,100 ($24.18) in a report on Wednesday, October 5. Barclays increased their price objective for BHP Group from GBX 2,200 ($25.33) to GBX 2,250 ($25.91) in a research report published on Friday, October 21. A report about BHP Group was published on StockNews.com on Wednesday, October 12. They rated the stock as a “buy.” Credit Suisse Group increased their price target for BHP Group in a research note released on Wednesday, August 17, from GBX 2,200 ($25.33) to GBX 2,300 ($26.48). JPMorgan Chase & Co. increased their target price on shares of BHP Group from GBX 2,310 ($26.60) to GBX 2,330 ($26.83) in a research note released on Thursday, October 20. Three equity research experts have rated the stock of the company as a buy, four as a hold, and two as a sell. According to information from Bloomberg, the stock now has a consensus “Hold” rating and an average target price of $1,904.11.
Recent modifications or decreases in the corporation’s institutional stock ownership Covestor Ltd. spent almost $26,000 more on more BHP Group shares during the first quarter. Addison Advisors LLC grew its ownership of BHP Group by 609.3% during the first quarter. Addison Advisors LLC purchased an additional 329 mining company stock during the most recent quarter, bringing its total to 383 shares for $30,000.00. Curi Wealth Management LLC began a new $30,000 share investment in BHP Group during the first quarter. HHM Wealth Advisors LLC boosted its ownership of BHP Group by 994.7% during the second quarter. HHM Wealth Advisors LLC now owns 416 mining company shares after purchasing an additional 378 shares for a total of $28,000 during the most recent quarter. Not to mention, Schubert & Co. added BHP Group shares worth approximately $26,000 to its portfolio during the second quarter. Institutions and hedge fund investors hold 6.53% of the stock.
BHP Group Limited’s business primarily focuses on resources in Australia, Europe, North America, South America, China, Japan, India, South Korea, and other countries in Asia. The company has sections for copper, iron ore, and coal. Iron ore, metallurgical coal, copper, silver, zinc, molybdenum, uranium, and gold are a few minerals it mines.