BHP Billiton PLC (NYSE:BBL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of BHP Billiton PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton PLC in a report on Monday, May 15th. Jefferies Group LLC set a $37.00 target price on shares of BHP Billiton PLC and gave the stock a “buy” rating in a report on Friday, May 19th. Finally, ValuEngine downgraded shares of BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. BHP Billiton PLC has an average rating of “Hold” and a consensus price target of $36.00.

BHP Billiton PLC (NYSE BBL) traded up 2.23% during trading on Friday, hitting $37.19. The company’s stock had a trading volume of 2,261,821 shares. BHP Billiton PLC has a one year low of $25.61 and a one year high of $38.80. The company has a 50-day moving average of $35.07 and a 200 day moving average of $32.45. The firm has a market cap of $99.00 billion, a PE ratio of 16.84 and a beta of 1.05.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of BHP Billiton PLC during the first quarter worth approximately $108,000. Acrospire Investment Management LLC increased its position in shares of BHP Billiton PLC by 113.6% in the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock worth $145,000 after buying an additional 2,500 shares during the last quarter. Cypress Wealth Advisors LLC increased its position in shares of BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock worth $237,000 after buying an additional 435 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of 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 last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock worth $245,000 after buying an additional 1,678 shares during the last quarter. 4.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for BHP Billiton PLC (NYSE:BBL)

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