BHP Billiton (BBL) Shares Gap Down to $41.74
BHP Billiton plc (NYSE:BBL)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $41.52, but opened at $41.74. BHP Billiton shares last traded at $41.74, with a volume of 1249771 shares changing hands.
A number of equities analysts have commented on BBL shares. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, December 19th. Jefferies Group reissued a “hold” rating and set a $40.00 target price on shares of BHP Billiton in a report on Monday, January 8th. Deutsche Bank cut BHP Billiton from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup reissued a “neutral” rating on shares of BHP Billiton in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. BHP Billiton presently has an average rating of “Hold” and a consensus target price of $45.00.
The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.
Large investors have recently bought and sold shares of the stock. SevenBridge Financial Group LLC acquired a new stake in shares of BHP Billiton in the fourth quarter valued at approximately $105,000. Group One Trading L.P. increased its holdings in shares of BHP Billiton by 668.8% in the third quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after purchasing an additional 2,675 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of BHP Billiton in the fourth quarter valued at approximately $138,000. Knowledge Leaders Capital LLC increased its holdings in shares of BHP Billiton by 59.3% in the third quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of BHP Billiton in the third quarter valued at approximately $217,000. 4.15% of the stock is owned by hedge funds and other institutional investors.
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About BHP Billiton
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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