BHP Group PLC (NYSE:BBL) Receives Average Rating of “Hold” from Brokerages

Shares of BHP Group PLC (NYSE:BBL) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company.

Several brokerages have recently weighed in on BBL. Zacks Investment Research downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. ValuEngine upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

Shares of BBL stock remained flat at $$39.58 on Friday. 2,064,417 shares of the stock traded hands, compared to its average volume of 1,269,647. The stock has a market capitalization of $42.19 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business has a 50-day simple moving average of $45.03 and a 200 day simple moving average of $44.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.62 and a quick ratio of 1.33. BHP Group has a fifty-two week low of $39.47 and a fifty-two week high of $51.87.

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be paid a dividend of $1.30 per share. The ex-dividend date is Thursday, March 5th. This represents a yield of 6.1%. BHP Group’s dividend payout ratio (DPR) is 85.25%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBL. Bessemer Group Inc. bought a new position in BHP Group during the 4th quarter valued at $62,000. Advisory Services Network LLC raised its holdings in shares of BHP Group by 145.2% during the fourth quarter. Advisory Services Network LLC now owns 2,150 shares of the mining company’s stock worth $101,000 after purchasing an additional 1,273 shares during the period. Quantbot Technologies LP acquired a new stake in shares of BHP Group during the fourth quarter worth $162,000. Tower Research Capital LLC TRC raised its holdings in shares of BHP Group by 98.8% during the third quarter. Tower Research Capital LLC TRC now owns 4,894 shares of the mining company’s stock worth $210,000 after purchasing an additional 2,432 shares during the period. Finally, Advisor Partners LLC raised its holdings in shares of BHP Group by 4.7% during the fourth quarter. Advisor Partners LLC now owns 5,761 shares of the mining company’s stock worth $271,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 4.40% of the company’s stock.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BBL)

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