BHP Billiton Ltd. (NYSE:BHP) shares were up 4% during trading on Tuesday . The company traded as high as $29.44 and last traded at $29.39, with a volume of 2,932,721 shares trading hands. The stock had previously closed at $28.27.

A number of research analysts recently commented on BHP shares. Vetr raised BHP Billiton from a “strong sell” rating to a “buy” rating and set a $27.17 target price on the stock in a research note on Thursday, March 31st. Zacks Investment Research cut 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. Investec raised BHP Billiton from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $32.00 price objective (up from $25.00) on shares of BHP Billiton in a research note on Wednesday, May 4th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.76.

The company has a 50 day moving average of $28.47 and a 200 day moving average of $26.32. The company’s market capitalization is $78.39 billion.

Other institutional investors have recently modified their holdings of 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 worth $1,907,000 after buying an additional 3,701 shares during the period. 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 worth $2,635,000 after buying an additional 26,842 shares during the period. 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 worth $2,754,000 after buying an additional 63,192 shares during the period. 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 worth $7,509,000 after buying an additional 46,388 shares during the period. 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 worth $82,283,000 after buying an additional 158,114 shares during the period.

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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