Point72 Asset Management L.P. boosted its holdings in BHP Group PLC (NYSE:BBL) by 2,076.9% in the fourth quarter, HoldingsChannel reports. The firm owned 373,352 shares of the mining company’s stock after purchasing an additional 356,201 shares during the period. Point72 Asset Management L.P.’s holdings in BHP Group were worth $17,551,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bessemer Group Inc. bought a new position in shares of BHP Group during the 4th quarter worth approximately $62,000. Advisory Services Network LLC lifted its position in shares of BHP Group by 145.2% during the 4th quarter. Advisory Services Network LLC now owns 2,150 shares of the mining company’s stock valued at $101,000 after acquiring an additional 1,273 shares during the period. Quantbot Technologies LP bought a new position in BHP Group during the fourth quarter worth $162,000. Advisor Partners LLC boosted its stake in 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 acquiring an additional 258 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in BHP Group by 21.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,036 shares of the mining company’s stock worth $284,000 after purchasing an additional 1,068 shares during the period. Institutional investors and hedge funds own 4.38% of the company’s stock.

Shares of BBL traded up $0.45 during trading hours on Thursday, reaching $30.80. The stock had a trading volume of 3,884,273 shares, compared to its average volume of 2,503,432. The firm has a 50-day simple moving average of $36.47 and a 200 day simple moving average of $42.56. BHP Group PLC has a 12 month low of $23.64 and a 12 month high of $51.87. The company has a current ratio of 1.62, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $31.99 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.94 and a beta of 1.04.

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, March 5th. This represents a yield of 6.1%. BHP Group’s dividend payout ratio (DPR) is presently 71.04%.

Several equities research analysts have weighed in on BBL shares. Zacks Investment Research downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. upgraded BHP Group from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th. ValuEngine raised BHP Group from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of BHP Group in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. BHP Group presently has an average rating of “Hold” and an average target price of $52.00.

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.

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Institutional Ownership by Quarter for BHP Group (NYSE:BBL)

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