Shares of BHP Billiton PLC (NYSE:BBL) dropped 2.4% during trading on Friday . The company traded as low as $26.75 and last traded at $26.78, with a volume of 866,603 shares traded. The stock had previously closed at $27.44.

A number of equities analysts have weighed in on the company. Citigroup Inc. reiterated a “neutral” rating on shares of BHP Billiton PLC in a research note on Friday, April 22nd. Beaufort Securities reiterated a “hold” rating on shares of BHP Billiton PLC in a research note on Saturday, April 23rd. Deutsche Bank AG reiterated a “hold” rating on shares of BHP Billiton PLC in a research note on Monday, April 25th. Zacks Investment Research upgraded BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, April 29th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of BHP Billiton PLC in a research note on Friday, May 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

The firm’s 50-day moving average is $25.50 and its 200 day moving average is $23.82. The firm’s market capitalization is $71.42 billion.

Other institutional investors recently added to or reduced their stakes in the company. CORDA Investment Management LLC. increased its position in BHP Billiton PLC by 109.6% in the fourth quarter. CORDA Investment Management LLC. now owns 590,204 shares of the mining company’s stock valued at $13,368,000 after buying an additional 308,601 shares in the last quarter. Airain ltd increased 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 in the last quarter. Pear Tree Advisors Inc. increased 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 in the last quarter. Advisors Asset Management Inc. increased 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 in the last quarter. Finally, New York State Common Retirement Fund increased 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 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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