BHP Billiton PLC (BBL) Cut to Buy at ValuEngine
ValuEngine lowered shares of BHP Billiton PLC (NYSE:BBL) from a strong-buy rating to a buy rating in a report issued on Thursday.
A number of other brokerages have also recently issued reports on BBL. Jefferies Group LLC set a $37.00 price objective on BHP Billiton PLC and gave the stock a buy rating in a research note on Wednesday. Zacks Investment Research upgraded BHP Billiton PLC from a strong sell rating to a hold rating in a research note on Tuesday, August 8th. BidaskClub upgraded BHP Billiton PLC from a sell rating to a hold rating in a research note on Tuesday, July 11th. UBS AG reiterated a neutral rating on shares of BHP Billiton PLC in a research note on Thursday, April 27th. Finally, Citigroup Inc. reiterated a buy rating on shares of BHP Billiton PLC in a research note on Monday, May 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $36.00.
Shares of BHP Billiton PLC (BBL) opened at 37.19 on Thursday. The stock has a market capitalization of $99.00 billion, a P/E ratio of 16.84 and a beta of 1.05. The firm’s 50-day moving average is $35.07 and its 200 day moving average is $32.45. BHP Billiton PLC has a 1-year low of $25.61 and a 1-year high of $38.80.
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The firm also recently declared a None dividend, which will be paid on Tuesday, September 26th. Investors of record on Friday, September 8th will be paid a $0.86 dividend. This represents a 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.
A number of large investors have recently bought and sold shares of BBL. Polaris Capital Management LLC boosted its stake in BHP Billiton PLC by 15.2% in the second quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock worth $127,291,000 after buying an additional 546,628 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in 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 worth $237,000 after buying an additional 947 shares during the period. BlueCrest Capital Management Ltd boosted its stake in BHP Billiton PLC by 106.2% in the second quarter. BlueCrest Capital Management Ltd now owns 129,401 shares of the mining company’s stock worth $3,980,000 after buying an additional 66,632 shares during the period. State Street Corp acquired a new stake in BHP Billiton PLC during the second quarter worth $416,000. Finally, Janus Henderson Group PLC boosted its stake in BHP Billiton PLC by 20.3% in the second quarter. Janus Henderson Group PLC now owns 155,214 shares of the mining company’s stock worth $4,774,000 after buying an additional 26,200 shares during the period. Institutional investors and hedge funds own 4.33% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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