BHP Billiton (NYSE:BBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

Several other research analysts also recently commented on the stock. Morgan Stanley downgraded shares of BHP Billiton from an “overweight” rating to an “equal” rating in a report on Tuesday, September 25th. ValuEngine raised shares of BHP Billiton from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $42.50.

BHP Billiton stock traded up $0.37 during mid-day trading on Monday, hitting $41.06. The stock had a trading volume of 1,995,376 shares, compared to its average volume of 1,700,088. The company has a market capitalization of $42.97 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. BHP Billiton has a one year low of $35.48 and a one year high of $47.92.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC purchased a new stake in shares of BHP Billiton during the 2nd quarter valued at about $186,223,000. Millennium Management LLC raised its position in shares of BHP Billiton by 442.6% during the 2nd quarter. Millennium Management LLC now owns 390,879 shares of the mining company’s stock valued at $17,570,000 after buying an additional 318,841 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of BHP Billiton during the 2nd quarter valued at about $13,233,000. Sensato Investors LLC purchased a new stake in shares of BHP Billiton during the 2nd quarter valued at about $5,754,000. Finally, Jane Street Group LLC purchased a new stake in shares of BHP Billiton during the 2nd quarter valued at about $3,525,000. 4.16% of the stock is owned by institutional investors and hedge funds.

BHP Billiton Company Profile

BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, energy coal, and oil and gas.

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