Macquarie upgraded shares of BHP Billiton Ltd. (NYSE:BHP) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

BHP has been the subject of a number of other reports. Jefferies Group raised BHP Billiton from a hold rating to a buy rating and upped their price target for the company from $28.00 to $33.00 in a report on Tuesday, August 23rd. Argus raised BHP Billiton from a hold rating to a buy rating and set a $40.00 price target for the company in a report on Tuesday, August 30th. Zacks Investment Research raised BHP Billiton from a hold rating to a buy rating and set a $32.00 price target for the company in a report on Thursday, July 21st. Citigroup Inc. reaffirmed a neutral rating on shares of BHP Billiton in a report on Tuesday, June 7th. Finally, Bank of America Corp. reaffirmed a buy rating on shares of BHP Billiton in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $30.09.

BHP Billiton (NYSE:BHP) opened at 31.07 on Tuesday. BHP Billiton has a one year low of $18.46 and a one year high of $38.10. The stock’s 50 day moving average is $31.08 and its 200 day moving average is $28.76. The company’s market capitalization is $82.68 billion.

The firm also recently disclosed a semiannual dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were given a $0.28 dividend. This represents a yield of 1.72%. The ex-dividend date was Wednesday, August 31st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in BHP Billiton during the fourth quarter valued at about $13,445,000. Capstone Asset Management Co. boosted its position in BHP Billiton by 0.8% in the first quarter. Capstone Asset Management Co. now owns 185,012 shares of the mining company’s stock valued at $4,792,000 after buying an additional 1,550 shares during the last quarter. OLD National Bancorp IN acquired a new position in BHP Billiton during the first quarter valued at about $383,000. Glenmede Trust Co. NA boosted its position in BHP Billiton by 203.3% in the first quarter. Glenmede Trust Co. NA now owns 28,900 shares of the mining company’s stock valued at $747,000 after buying an additional 19,371 shares during the last quarter. Finally, Aperio Group LLC boosted its position in BHP Billiton by 79.7% in the first quarter. Aperio Group LLC now owns 620,030 shares of the mining company’s stock valued at $16,059,000 after buying an additional 275,030 shares during the last quarter. Hedge funds and other institutional investors own 4.60% of the company’s stock.

BHP Billiton Company Profile

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.

5 Day Chart for NYSE:BHP

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