Zacks Investment Research lowered shares of BHP Group (NYSE:BBL) from a buy rating to a hold rating in a research report sent to investors 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 equities research analysts have also issued reports on the company. Goldman Sachs Group lowered BHP Group from a buy rating to a neutral rating in a research report on Tuesday, February 12th. Societe Generale reaffirmed a hold rating on shares of BHP Group in a research report on Thursday, March 7th. ValuEngine raised BHP Group from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Finally, UBS Group reiterated a buy rating on shares of BHP Group in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $57.00.

Shares of BHP Group stock opened at $48.72 on Monday. The firm has a market cap of $51.67 billion, a PE ratio of 14.50, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43. BHP Group has a 12-month low of $38.04 and a 12-month high of $50.97.

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

Hedge funds have recently modified their holdings of the company. Pinnacle Bank purchased a new position in shares of BHP Group during the fourth quarter valued at $26,000. Truehand Inc purchased a new position in shares of BHP Group during the fourth quarter valued at $28,000. Doyle Wealth Management purchased a new position in shares of BHP Group during the fourth quarter valued at $30,000. Whittier Trust Co. grew its holdings in shares of BHP Group by 307.2% during the fourth quarter. Whittier Trust Co. now owns 737 shares of the mining company’s stock valued at $31,000 after buying an additional 556 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in shares of BHP Group during the fourth quarter valued at $43,000. Institutional investors and hedge funds 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.

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