Shares of BHP Billiton PLC (NYSE:BBL) gapped up prior to trading on Monday . The stock had previously closed at $26.50, but opened at $26.88. BHP Billiton PLC shares last traded at $27.40, with a volume of 1,034,898 shares trading hands.

BBL has been the topic of several research reports. Deutsche Bank AG restated a “hold” rating on shares of BHP Billiton PLC in a research note on Monday, July 25th. Beaufort Securities reiterated a “hold” rating on shares of BHP Billiton PLC in a research report on Saturday, April 23rd. Citigroup Inc. reiterated a “neutral” rating on shares of BHP Billiton PLC in a research report on Friday, April 22nd. Zacks Investment Research cut BHP Billiton PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BHP Billiton PLC in a research report on Tuesday, June 21st. 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 stock has a consensus rating of “Hold” and an average target price of $28.00.

The company has a 50-day moving average of $25.31 and a 200-day moving average of $23.71. The firm’s market capitalization is $72.83 billion.

Several institutional investors have recently added to or reduced their stakes in BBL. Comerica Bank boosted its position in BHP Billiton PLC by 4.8% in the fourth quarter. Comerica Bank now owns 56,870 shares of the mining company’s stock valued at $1,079,000 after buying an additional 2,596 shares during the last quarter. Advisors Asset Management Inc. boosted its position in 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 during the last quarter. New York State Common Retirement Fund boosted its position in 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 during the last quarter. Airain ltd boosted its position in BHP Billiton PLC by 184.4% in the fourth quarter. Airain ltd now owns 267,125 shares of the mining company’s stock valued at $6,050,000 after buying an additional 173,207 shares during the last quarter. Finally, Pear Tree Advisors Inc. boosted its position in 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 during 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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