BHP Group PLC (BBL) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its holdings in BHP Group PLC (NYSE:BBL) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,365 shares of the mining company’s stock after selling 330 shares during the period. Griffin Asset Management Inc.’s holdings in BHP Group were worth $392,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of BBL. Oregon Public Employees Retirement Fund acquired a new stake in BHP Group during the fourth quarter valued at approximately $755,000. Fisher Asset Management LLC raised its position in BHP Group by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 4,815,803 shares of the mining company’s stock worth $201,734,000 after purchasing an additional 297,334 shares during the last quarter. Polaris Capital Management LLC raised its position in BHP Group by 8.2% in the 3rd quarter. Polaris Capital Management LLC now owns 4,648,534 shares of the mining company’s stock worth $204,443,000 after purchasing an additional 353,046 shares during the last quarter. Cambiar Investors LLC raised its position in BHP Group by 30.2% in the 4th quarter. Cambiar Investors LLC now owns 4,541,593 shares of the mining company’s stock worth $190,247,000 after purchasing an additional 1,053,148 shares during the last quarter. Finally, Mason Capital Management LLC raised its position in BHP Group by 8.0% in the 3rd quarter. Mason Capital Management LLC now owns 4,337,017 shares of the mining company’s stock worth $190,742,000 after purchasing an additional 320,608 shares during the last quarter. Institutional investors and hedge funds own 4.37% of the company’s stock.

Shares of BHP Group stock traded down $0.21 during trading hours on Friday, reaching $48.72. 687,156 shares of the company’s stock were exchanged, compared to its average volume of 1,622,634. BHP Group PLC has a fifty-two week low of $38.04 and a fifty-two 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 company has a market cap of $51.45 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.46 and a beta of 0.83.

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

Several equities analysts have recently issued reports on BBL shares. Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Tuesday, April 9th. UBS Group reaffirmed a “buy” rating on shares of BHP Group in a research note on Wednesday, March 27th. ValuEngine raised shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Societe Generale reaffirmed a “hold” rating on shares of BHP Group in a research note on Thursday, March 7th. Finally, Goldman Sachs Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. BHP Group presently has an average rating of “Hold” and an average price target of $57.00.

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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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