BHP Group (BBL) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of BHP Group (NYSE:BBL) from a buy rating to a hold rating in a research note published on Monday, Zacks.com reports.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

A number of other analysts have also recently commented on BBL. ValuEngine upgraded BHP Group from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Goldman Sachs Group cut BHP Group from a buy rating to a neutral rating in a research report on Tuesday, February 12th. Societe Generale reiterated a hold rating on shares of BHP Group in a research report on Thursday, March 7th. Finally, UBS Group reiterated a buy rating on shares of BHP Group in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $57.00.

BHP Group stock opened at $49.74 on Monday. The stock has a market cap of $52.63 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.50 and a beta of 0.83. BHP Group has a 52 week low of $38.04 and a 52 week high of $50.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16.

The business also recently disclosed a special dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a dividend of $1.10 per share. This represents a yield of 5.29%. The ex-dividend date was Thursday, March 7th. BHP Group’s dividend payout ratio is presently 65.48%.

Institutional investors have recently bought and sold shares of the stock. Pinnacle Bank purchased a new stake in BHP Group during the 4th quarter worth about $26,000. Truehand Inc purchased a new stake in BHP Group in the 4th quarter valued at about $28,000. Doyle Wealth Management purchased a new stake in BHP Group in the 4th quarter valued at about $30,000. Whittier Trust Co. grew its holdings in BHP Group by 307.2% in the 4th quarter. Whittier Trust Co. now owns 737 shares of the mining company’s stock valued at $31,000 after buying an additional 556 shares during the period. Finally, Liberty Wealth Management LLC purchased a new stake in BHP Group in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 4.37% 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.

See Also: Systematic Risk

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Analyst Recommendations for BHP Group (NYSE:BBL)

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