BHP Billiton Ltd. (NYSE:BHP)’s share price was down 1.8% on Friday . The stock traded as low as $28.29 and last traded at $28.45, with a volume of 2,111,047 shares changing hands. The stock had previously closed at $28.97.

Several equities analysts have weighed in on BHP shares. Vetr raised BHP Billiton from a “buy” rating to a “strong-buy” rating and set a $29.60 target price on the stock in a research note on Tuesday, April 12th. Zacks Investment Research lowered BHP Billiton from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Bank of America Corp. raised BHP Billiton from a “neutral” rating to a “buy” rating in a research note on Monday, April 18th. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton in a research note on Tuesday, June 7th. Finally, Sanford C. Bernstein reissued a “market weight” rating on shares of BHP Billiton in a research note on Friday, May 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.76.

The stock’s market capitalization is $75.97 billion. The stock has a 50-day moving average price of $28.45 and a 200-day moving average price of $26.26.

A number of hedge funds and institutional investors recently made changes to their positions in the company. Comerica Bank increased its position 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 valued at $1,907,000 after buying an additional 3,701 shares during the last quarter. Bank of Montreal Can increased its position 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 valued at $2,635,000 after buying an additional 26,842 shares during the last quarter. Eaton Vance Management increased its position 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 valued at $7,509,000 after buying an additional 46,388 shares during the last quarter. BNP Paribas Arbitrage SA increased its position 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 valued at $2,754,000 after buying an additional 63,192 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 valued at $82,283,000 after buying an additional 158,114 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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