BHP Billiton Ltd. (NYSE:BHP)’s share price fell 2% on Friday . The stock traded as low as $30.28 and last traded at $30.32, with a volume of 1,856,781 shares trading hands. The stock had previously closed at $30.95.

Several research firms have weighed in on BHP. Cowen and Company restated a “market perform” rating and set a $32.00 target price (up from $25.00) on shares of BHP Billiton in a report on Wednesday, May 4th. JPMorgan Chase & Co. upgraded BHP Billiton from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 6th. 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 price objective on the stock. in a research note on Tuesday, April 19th. Finally, Zacks Investment Research upgraded BHP Billiton from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.76.

The company has a 50-day moving average of $28.20 and a 200 day moving average of $26.15. The firm’s market cap is $81.16 billion.

Other large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of BHP Billiton by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,194,219 shares of the mining company’s stock worth $82,283,000 after buying an additional 158,114 shares during the last quarter. GAM Holding AG boosted 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. BNP Paribas Arbitrage SA boosted its stake in shares of BHP Billiton by 144.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 106,920 shares of the mining company’s stock worth $2,754,000 after buying an additional 63,192 shares during the last quarter. Eaton Vance Management boosted its stake in shares of BHP Billiton by 18.9% in the fourth quarter. Eaton Vance Management now owns 291,510 shares of the mining company’s stock worth $7,509,000 after buying an additional 46,388 shares during the last quarter. Finally, Bank of Montreal Can boosted 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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