Citigroup Inc. Lowers BHP Billiton Ltd. (BHP) to Sell
A number of other equities research analysts have also weighed in on the stock. Barclays PLC reiterated a hold rating on shares of BHP Billiton in a research note on Saturday, October 8th. Vetr lowered shares of BHP Billiton from a buy rating to a hold rating and set a $35.05 target price for the company. in a research note on Wednesday, September 28th. Sanford C. Bernstein reiterated a market perform rating on shares of BHP Billiton in a research note on Thursday, September 22nd. Macquarie upgraded BHP Billiton from a neutral rating to an outperform rating in a research note on Tuesday, September 20th. Finally, Argus upgraded BHP Billiton from a hold rating to a buy rating and set a $40.00 price objective for the company in a research note on Tuesday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. BHP Billiton currently has an average rating of Hold and an average price target of $29.34.
Shares of BHP Billiton (NYSE:BHP) opened at 33.99 on Wednesday. The stock’s market cap is $90.45 billion. The firm’s 50-day moving average price is $32.53 and its 200-day moving average price is $29.68. BHP Billiton has a 52-week low of $18.46 and a 52-week high of $36.16.
The business also recently disclosed a semiannual dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.28 per share. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, August 31st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHP. Envestnet Asset Management Inc. increased its position in BHP Billiton by 24.4% in the first quarter. Envestnet Asset Management Inc. now owns 115,479 shares of the mining company’s stock valued at $2,991,000 after buying an additional 22,639 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of BHP Billiton during the first quarter worth approximately $142,000. Wellington Management Group LLP increased its position in shares of BHP Billiton by 148.5% in the first quarter. Wellington Management Group LLP now owns 1,662,710 shares of the mining company’s stock worth $43,064,000 after buying an additional 993,690 shares during the last quarter. Simmons Bank acquired a new position in shares of BHP Billiton during the first quarter worth approximately $267,000. Finally, Geode Capital Management LLC increased its position in shares of BHP Billiton by 107.1% in the first quarter. Geode Capital Management LLC now owns 26,762 shares of the mining company’s stock worth $692,000 after buying an additional 13,837 shares during the last quarter. 4.59% of the stock is owned by institutional investors and hedge funds.
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.
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