BHP Billiton Ltd. (NYSE:BHP) was downgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a research note issued to investors on Wednesday.

BHP has been the subject of several other reports. BMO Capital Markets restated a “hold” rating on shares of BHP Billiton in a report on Monday, August 29th. Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, July 21st. Vetr downgraded shares of BHP Billiton from a “strong-buy” rating to a “buy” rating and set a $35.05 target price for the company. in a report on Wednesday, September 21st. JPMorgan Chase & Co. upgraded shares of BHP Billiton from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Finally, Barclays PLC restated a “hold” rating on shares of BHP Billiton in a report on Saturday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. BHP Billiton has an average rating of “Hold” and an average price target of $29.34.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

BHP Billiton (NYSE:BHP) traded up 0.11% on Wednesday, reaching $35.02. 3,159,285 shares of the company’s stock were exchanged. The company’s market capitalization is $93.20 billion. BHP Billiton has a 1-year low of $18.46 and a 1-year high of $36.82. The firm has a 50-day moving average price of $32.36 and a 200-day moving average price of $29.55.

The business also recently announced a semiannual dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were given a $0.28 dividend. The ex-dividend date was Wednesday, August 31st. This represents a dividend yield of 1.72%.

Several large investors have recently added to or reduced their stakes in the company. Jarislowsky Fraser Ltd raised its position in BHP Billiton by 2,730.8% in the second quarter. Jarislowsky Fraser Ltd now owns 26,407,326 shares of the mining company’s stock valued at $1,116,711,000 after buying an additional 25,474,458 shares during the last quarter. Wellington Management Group LLP raised its position in BHP Billiton by 148.5% in the first quarter. Wellington Management Group LLP now owns 1,662,710 shares of the mining company’s stock valued at $43,064,000 after buying an additional 993,690 shares during the last quarter. Marketfield Asset Management LLC acquired a new position in BHP Billiton during the second quarter valued at approximately $13,397,000. JPMorgan Chase & Co. raised its position in BHP Billiton by 54.5% in the second quarter. JPMorgan Chase & Co. now owns 1,233,844 shares of the mining company’s stock valued at $35,238,000 after buying an additional 434,999 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in BHP Billiton during the second quarter valued at approximately $11,424,000. 4.60% of the stock is currently owned by institutional investors and hedge funds.

About BHP Billiton

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

5 Day Chart for NYSE:BHP

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