BHP Group (BBL) – Don’t Believe the Hype: Check The Facts

217 institutions hold shares in BHP Group (BBL), with 379.27k shares held by insiders accounting for 0.01% while institutional investors hold 4.37% of the company’s shares. The shares outstanding are 2.53B, and float is at 1.04B with Short Float at 0.33%. Institutions hold 4.37% of the Float.

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The top institutional shareholder in the company is Fisher Asset Management, LLC with over 6.96 million shares valued at $368.83 million. The investor’s holdings represent 0.66% of the BBL Shares outstanding. As of Dec 30, 2020, the second largest holder is Arrowstreet Capital, Limited Partnership with 5.53 million shares valued at $293.25 million to account for 0.52% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 3.06 million shares representing 0.29% and valued at over $162.01 million, while Millennium Management LLC holds 0.20% of the shares totaling 2.07 million with a market value of $109.79 million.

BHP Group (NYSE: BBL) is 10.33% higher on its value in year-to-date trading and has touched a low of $29.88 and a high of $67.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BBL stock was last observed hovering at around $59.32 in the last trading session, with the day’s loss setting it -0.81% off its average median price target of $80.00 for the next 12 months. It is also 26.86% off the consensus price target high of $80.00 offered by 1 analysts, but current levels are 26.86% higher than the price target low of $80.00 for the same period.

Currently trading at $58.51, the stock is -0.21% and -1.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -1.37% at the moment leaves the stock 18.17% off its SMA200. BBL registered 94.64% gain for a year compared to 6-month gain of 37.28%. The firm has a 50-day simple moving average (SMA 50) of $60.89 and a 200-day simple moving average (SMA200) of $51.94.

The stock witnessed a -5.89% loss in the last 1 month and extending the period to 3 months gives it a 6.25%, and is 1.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.55% over the week and 1.82% over the month.

BHP Group (BBL) has around 31589 employees, a market worth around $163.29B and $46.28B in sales. Current P/E ratio is 21.29 and Fwd P/E is 8.80. Profit margin for the company is 15.00%. Distance from 52-week low is 95.82% and -12.71% from its 52-week high. The company has generated returns on investments over the last 12 months (12.10%).

BHP Group (BBL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for BHP Group (BBL) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 1.20, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

BHP Group is expected to release its quarterly report on 08/16/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -5.70% this year

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BHP Group (BBL): Who are the competitors?

The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading 453.96% up over the past 12 months and Rio Tinto Group (RIO) that is 76.72% higher over the same period. Short interest in the company’s stock has risen 53.8% from the last report on Feb 11, 2021 to stand at a total of 1.58 million short shares sold with a short interest ratio of 1.49.

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