BHP Billiton PLC (NYSE:BBL) dropped 3% on Friday . The stock traded as low as $27.46 and last traded at $27.52, with a volume of 1,011,301 shares. The stock had previously closed at $28.37.

BBL has been the subject of several research analyst reports. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton PLC in a research report on Wednesday. Zacks Investment Research downgraded shares of BHP Billiton PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Deutsche Bank AG reissued a “hold” rating on shares of BHP Billiton PLC in a research report on Monday, May 9th. Beaufort Securities reissued a “hold” rating on shares of BHP Billiton PLC in a research report on Wednesday, June 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BHP Billiton PLC in a research report on Tuesday, June 21st. One investment 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’s stock. BHP Billiton PLC has an average rating of “Hold” and a consensus target price of $28.00.

The firm’s market capitalization is $73.58 billion. The firm’s 50 day moving average price is $25.98 and its 200 day moving average price is $24.11.

The company also recently disclosed a dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, August 31st.

Other hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake 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. New York State Common Retirement Fund increased its stake 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. Finally, Airain ltd increased its stake 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.

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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