Traders sold shares of BHP Billiton Ltd. (NYSE:BHP) on strength during trading hours on Wednesday. $14.69 million flowed into the stock on the tick-up and $27.16 million flowed out of the stock on the tick-down, for a money net flow of $12.47 million out of the stock. Of all equities tracked, BHP Billiton had the 0th highest net out-flow for the day. BHP Billiton traded up $0.07 for the day and closed at $30.91

Several research firms have issued reports on BHP. Zacks Investment Research lowered BHP Billiton from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Investec upgraded BHP Billiton from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Vetr lowered BHP Billiton from a “buy” rating to a “hold” rating and set a $31.27 target price for the company. in a research note on Tuesday, April 19th. Cowen and Company restated a “market perform” rating and issued a $32.00 target price (up from $25.00) on shares of BHP Billiton in a research note on Wednesday, May 4th. Finally, Bank of America Corp. upgraded BHP Billiton from a “neutral” rating to a “buy” rating in a research note on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.76.

The firm’s market cap is $82.25 billion. The firm’s 50-day moving average is $28.05 and its 200-day moving average is $26.08.

Other hedge funds have modified their holdings of the company. Sei Investments Co. increased its stake in shares of BHP Billiton by 4.5% in the fourth quarter. Sei Investments Co. now owns 278,034 shares of the mining company’s stock worth $7,163,000 after buying an additional 11,879 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of BHP Billiton by 1.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 72,367 shares of the mining company’s stock worth $1,864,000 after buying an additional 1,008 shares during the last quarter. Comerica Bank increased its stake in shares of BHP Billiton by 4.4% in the fourth quarter. Comerica Bank now owns 86,879 shares of the mining company’s stock worth $1,907,000 after buying an additional 3,701 shares during the last quarter. GAM Holding AG increased its stake in shares of BHP Billiton by 39.5% in the fourth quarter. GAM Holding AG now owns 412,567 shares of the mining company’s stock worth $10,628,000 after buying an additional 116,787 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of BHP Billiton by 35.6% in the fourth quarter. Bank of Montreal Can now owns 102,296 shares of the mining company’s stock worth $2,635,000 after buying an additional 26,842 shares during the last quarter.

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

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