BHP Billiton Ltd. (BHP) Trading 1.6% Higher
BHP Billiton Ltd. (NYSE:BHP) traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $32.08 and last traded at $31.71, with a volume of 2,342,652 shares trading hands. The stock had previously closed at $31.20.
Several equities research analysts have weighed in on the company. Cowen and Company restated a “market perform” rating and set a $32.00 target price (up from $25.00) on shares of BHP Billiton in a research note on Wednesday, May 4th. Macquarie upgraded shares of BHP Billiton from an “underperform” rating to a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of BHP Billiton from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Investec upgraded shares of BHP Billiton from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of BHP Billiton in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.76.
The company’s 50 day moving average price is $29.81 and its 200 day moving average price is $27.40. The stock’s market cap is $84.91 billion.
Several hedge funds recently bought and sold shares of the company. Autus Asset Management LLC bought a new stake in BHP Billiton during the fourth quarter worth about $1,194,000. Bridgewater Associates LP increased its stake in 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 in the last quarter. Finally, Bank of Montreal Can increased its stake in 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 in 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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