BHP Billiton Ltd. (NYSE:BHP) fell 2.2% during trading on Friday . The company traded as low as $30.82 and last traded at $30.85, with a volume of 1,822,970 shares traded. The stock had previously closed at $31.55.

A number of research firms have commented on BHP. Zacks Investment Research downgraded shares of BHP Billiton from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Citigroup Inc. reaffirmed a “neutral” rating on shares of BHP Billiton in a research report on Tuesday, June 7th. Vetr raised shares of BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $35.33 target price for the company in a research report on Monday, April 25th. Investec raised shares of BHP Billiton from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Bank of America Corp. raised shares of BHP Billiton from a “neutral” rating to a “buy” rating in a research report on Monday, April 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.76.

The company has a 50 day moving average of $29.37 and a 200 day moving average of $27.08. The company’s market cap is $82.41 billion.

A number of hedge funds and institutional investors recently modified their holdings of the stock. Comerica Bank raised 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 last quarter. Bank of Montreal Can raised 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 last quarter. Eaton Vance Management raised 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 last quarter. Dimensional Fund Advisors LP raised 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 last quarter. Finally, Bridgewater Associates LP raised its position in shares of BHP Billiton by 30.3% in the fourth quarter. Bridgewater Associates LP now owns 417,111 shares of the mining company’s stock worth $10,745,000 after buying an additional 97,100 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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