BHP Billiton PLC (NYSE:BBL) dropped 2.1% during trading on Friday . The stock traded as low as $26.25 and last traded at $26.27, with a volume of 1,145,398 shares traded. The stock had previously closed at $26.82.

BBL has been the subject of several research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Billiton PLC in a research note on Monday, March 28th. Zacks Investment Research upgraded BHP Billiton PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Credit Suisse Group AG restated an “outperform” rating on shares of BHP Billiton PLC in a research note on Friday, May 27th. Citigroup Inc. restated a “neutral” rating on shares of BHP Billiton PLC in a research note on Friday, April 22nd. Finally, Beaufort Securities restated a “hold” rating on shares of BHP Billiton PLC in a research note on Saturday, April 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.00.

The firm’s market capitalization is $70.25 billion. The company’s 50-day moving average price is $24.78 and its 200 day moving average price is $23.05.

Several hedge funds have recently made changes to their positions in BBL. Polaris Capital Management LLC raised its stake in shares of BHP Billiton PLC by 50.2% in the fourth quarter. Polaris Capital Management LLC now owns 3,164,648 shares of the mining company’s stock valued at $71,679,000 after buying an additional 1,058,020 shares in the last quarter. Pear Tree Advisors Inc. raised its stake in shares of BHP Billiton PLC by 34.8% in the fourth quarter. Pear Tree Advisors Inc. now owns 1,136,100 shares of the mining company’s stock valued at $25,733,000 after buying an additional 293,200 shares in the last quarter. UBS Oconnor LLC raised its stake in shares of BHP Billiton PLC by 29.5% in the fourth quarter. UBS Oconnor LLC now owns 843,526 shares of the mining company’s stock valued at $19,106,000 after buying an additional 192,283 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of BHP Billiton PLC by 144.3% in the fourth quarter. New York State Common Retirement Fund now owns 227,726 shares of the mining company’s stock valued at $5,158,000 after buying an additional 134,526 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of BHP Billiton PLC by 20.9% in the fourth quarter. Advisors Asset Management Inc. now owns 85,518 shares of the mining company’s stock valued at $1,937,000 after buying an additional 14,764 shares in the last quarter.

BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.

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