BHP Billiton PLC (NYSE:BBL)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $39.11 and last traded at $39.05, with a volume of 1,080,359 shares. The stock had previously closed at $38.70.

A number of research firms recently commented on BBL. ValuEngine lowered shares of BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of BHP Billiton PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Jefferies Group LLC set a $34.00 price objective on shares of BHP Billiton PLC and gave the stock a “hold” rating in a research note on Thursday, August 17th. BidaskClub raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of BHP Billiton PLC in a research note on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.00.

The stock has a 50 day moving average price of $35.93 and a 200-day moving average price of $32.54. The company has a market capitalization of $103.92 billion, a P/E ratio of 17.68 and a beta of 1.04.

The business also recently declared a None dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th will be issued a $0.86 dividend. This represents a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from BHP Billiton PLC’s previous None dividend of $0.28.

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of BHP Billiton PLC in the first quarter valued at approximately $108,000. Acrospire Investment Management LLC boosted its holdings in shares of BHP Billiton PLC by 113.6% in the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock valued at $145,000 after buying an additional 2,500 shares during the period. Cypress Wealth Advisors LLC boosted its holdings in shares of BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock valued at $237,000 after buying an additional 435 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BHP Billiton PLC by 14.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after buying an additional 947 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock valued at $245,000 after buying an additional 1,678 shares during the period. Institutional investors own 4.12% of the company’s stock.

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BHP Billiton PLC Company Profile

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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