Traders purchased shares of BHP Billiton PLC (NYSE:BBL) on weakness during trading on Wednesday. $34.15 million flowed into the stock on the tick-up and $5.85 million flowed out of the stock on the tick-down, for a money net flow of $28.30 million into the stock. Of all stocks tracked, BHP Billiton PLC had the 23rd highest net in-flow for the day. BHP Billiton PLC traded down ($0.04) for the day and closed at $36.14

A number of equities analysts have recently weighed in on BBL shares. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton PLC in a report on Tuesday, April 11th. Zacks Investment Research upgraded BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, April 11th. UBS AG reiterated a “neutral” rating on shares of BHP Billiton PLC in a report on Thursday, April 27th. Jefferies Group LLC set a $37.00 price target on BHP Billiton PLC and gave the stock a “buy” rating in a report on Friday, May 19th. Finally, ValuEngine cut BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.50.

The company’s 50-day moving average price is $32.84 and its 200 day moving average price is $32.48. The stock has a market capitalization of $96.17 billion, a P/E ratio of 38.78 and a beta of 1.05.

Large investors have recently made changes to their positions in the company. Cambiar Investors LLC raised its stake in shares of BHP Billiton PLC by 8.1% in the second quarter. Cambiar Investors LLC now owns 5,201,209 shares of the mining company’s stock valued at $159,989,000 after buying an additional 390,962 shares in the last quarter. Morgan Stanley raised its stake in shares of BHP Billiton PLC by 33.9% in the first quarter. Morgan Stanley now owns 2,496,519 shares of the mining company’s stock valued at $77,767,000 after buying an additional 631,725 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of BHP Billiton PLC by 8.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,073,112 shares of the mining company’s stock valued at $64,577,000 after buying an additional 159,800 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of BHP Billiton PLC by 4.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,650,702 shares of the mining company’s stock valued at $50,776,000 after buying an additional 65,700 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of BHP Billiton PLC by 53.3% in the first quarter. Bank of America Corp DE now owns 1,603,372 shares of the mining company’s stock valued at $49,944,000 after buying an additional 557,149 shares in the last quarter. Institutional investors own 4.38% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/09/investors-buy-shares-of-bhp-billiton-plc-bbl-on-weakness.html.

About BHP Billiton PLC

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.

Receive News & Stock Ratings for BHP Billiton PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton PLC and related stocks with our FREE daily email newsletter.