HSBC Holdings plc lowered shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a hold rating in a research note published on Friday, July 14th, Marketbeat reports.
Other equities analysts have also recently issued research reports about the stock. UBS AG upgraded shares of BHP Billiton Limited from a neutral rating to a buy rating in a research note on Thursday, June 8th. Jefferies Group LLC cut shares of BHP Billiton Limited from a buy rating to a hold rating and set a $32.00 target price on the stock. in a research note on Thursday, June 8th. Citigroup Inc. raised shares of BHP Billiton Limited from a neutral rating to a buy rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised shares of BHP Billiton Limited from a hold rating to a buy rating in a research report on Wednesday, July 5th. Finally, BidaskClub raised shares of BHP Billiton Limited from a hold rating to a buy rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $34.24.
BHP Billiton Limited (NYSE:BHP) traded up 0.83% on Friday, hitting $41.14. 1,985,918 shares of the stock traded hands. The firm has a market capitalization of $109.47 billion, a PE ratio of 44.14 and a beta of 1.09. The stock has a 50 day moving average of $36.80 and a 200 day moving average of $37.33. BHP Billiton Limited has a 52 week low of $28.65 and a 52 week high of $41.79.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank increased its stake in shares of BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock worth $101,000 after buying an additional 572 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock worth $114,000 after buying an additional 1,727 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after buying an additional 426 shares in the last quarter. Bollard Group LLC increased its stake in shares of BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock worth $127,000 after buying an additional 2,349 shares in the last quarter. Finally, Cohen Capital Management Inc. bought a new stake in shares of BHP Billiton Limited during the first quarter worth about $131,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.
BHP Billiton Limited Company Profile
BHP Billiton Limited 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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