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

Several research analysts recently weighed in on the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of BHP Billiton PLC in a report on Wednesday. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of BHP Billiton PLC in a report on Friday, May 27th. Zacks Investment Research raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, June 21st. Beaufort Securities reaffirmed a “hold” rating on shares of BHP Billiton PLC in a report on Saturday, April 23rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BHP Billiton PLC in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $28.00.

The firm’s market cap is $71.42 billion. The stock’s 50 day moving average is $25.53 and its 200 day moving average is $23.88.

Several hedge funds and institutional investors have modified their holdings of BBL. CORDA Investment Management LLC. boosted its position in shares of 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 during the period. Pear Tree Advisors Inc. boosted its position in shares of 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 period. Airain ltd boosted its position in shares of 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 period. New York State Common Retirement Fund boosted its position in shares of 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 period. Finally, Advisors Asset Management Inc. boosted its position in shares of 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 period.

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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