BB&T Corp Reduces Stock Holdings in BHP Group PLC (NYSE:BBL)

BB&T Corp decreased its stake in BHP Group PLC (NYSE:BBL) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,309 shares of the mining company’s stock after selling 1,722 shares during the quarter. BB&T Corp’s holdings in BHP Group were worth $2,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BBL. Doyle Wealth Management purchased a new position in shares of BHP Group in the 2nd quarter worth approximately $39,000. Advisory Services Network LLC boosted its holdings in shares of BHP Group by 35.5% in the 2nd quarter. Advisory Services Network LLC now owns 877 shares of the mining company’s stock worth $45,000 after purchasing an additional 230 shares during the period. SRS Capital Advisors Inc. purchased a new position in BHP Group during the 2nd quarter valued at $47,000. Griffin Asset Management Inc. purchased a new position in BHP Group during the 2nd quarter valued at $163,000. Finally, Pacer Advisors Inc. purchased a new position in BHP Group during the 2nd quarter valued at $193,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

BBL opened at $44.94 on Thursday. The business has a fifty day moving average of $42.72 and a 200 day moving average of $45.59. BHP Group PLC has a 52-week low of $38.04 and a 52-week high of $51.87. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.45. The stock has a market cap of $45.95 billion, a P/E ratio of 12.28, a PEG ratio of 2.68 and a beta of 0.94.

BBL has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of BHP Group in a report on Tuesday, August 6th. Liberum Capital cut BHP Group from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded BHP Group from an “underweight” rating to a “neutral” rating in a report on Friday, July 12th. Zacks Investment Research upgraded BHP Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, UBS Group restated a “neutral” rating on shares of BHP Group in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. BHP Group currently has an average rating of “Hold” and a consensus target price of $54.00.

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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