UBS Group Reaffirms “Neutral” Rating for BHP Group (NYSE:BBL)

UBS Group reissued their neutral rating on shares of BHP Group (NYSE:BBL) in a report released on Wednesday morning, Borsen Zeitung reports.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of BHP Group from a strong-buy rating to a hold rating in a report on Friday, August 9th. Liberum Capital downgraded shares of BHP Group from a hold rating to a sell rating in a report on Thursday, August 22nd. ValuEngine downgraded shares of BHP Group from a hold rating to a sell rating in a report on Thursday, August 1st. Deutsche Bank raised shares of BHP Group from a sell rating to a hold rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group reissued a hold rating on shares of BHP Group in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $54.00.

BBL opened at $43.18 on Wednesday. The firm has a 50-day simple moving average of $42.96 and a two-hundred day simple moving average of $46.45. BHP Group has a 52 week low of $38.04 and a 52 week high of $51.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.89 and a quick ratio of 1.58.

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $1.56 per share. This is a boost from BHP Group’s previous Semi-Annual dividend of $0.28. The ex-dividend date was Thursday, September 5th. BHP Group’s dividend payout ratio is currently 85.25%.

Several hedge funds and other institutional investors have recently made changes to their positions in BBL. Charles Schwab Investment Management Inc. purchased a new stake in shares of BHP Group during the 2nd quarter valued at about $23,455,000. TT International raised its position in shares of BHP Group by 96.3% during the 2nd quarter. TT International now owns 822,977 shares of the mining company’s stock valued at $42,062,000 after buying an additional 403,816 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of BHP Group by 543.0% during the 2nd quarter. Renaissance Technologies LLC now owns 468,100 shares of the mining company’s stock valued at $23,925,000 after buying an additional 395,300 shares in the last quarter. Polaris Capital Management LLC raised its position in shares of BHP Group by 8.0% during the 2nd quarter. Polaris Capital Management LLC now owns 4,782,734 shares of the mining company’s stock valued at $244,446,000 after buying an additional 352,900 shares in the last quarter. Finally, Luminus Management LLC raised its position in shares of BHP Group by 125.2% during the 2nd quarter. Luminus Management LLC now owns 634,534 shares of the mining company’s stock valued at $32,431,000 after buying an additional 352,732 shares in the last quarter. Hedge funds and other institutional investors own 4.50% of the company’s stock.

About BHP Group

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.

Further Reading: Special Dividends

Analyst Recommendations for BHP Group (NYSE:BBL)

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