BHP Billiton Limited (BHP) Upgraded at BidaskClub
BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a strong-buy rating in a research note published on Saturday.
A number of other equities analysts have also recently issued reports on BHP. Zacks Investment Research upgraded shares of BHP Billiton Limited from a strong sell rating to a hold rating in a research note on Tuesday, August 8th. Cowen and Company set a $43.00 price target on shares of BHP Billiton Limited and gave the stock a hold rating in a research note on Thursday, August 24th. Citigroup Inc. cut shares of BHP Billiton Limited from a buy rating to a neutral rating and dropped their price target for the stock from $41.79 to $28.02 in a research note on Wednesday, July 19th. HSBC Holdings plc cut shares of BHP Billiton Limited from a buy rating to a hold rating in a research note on Friday, July 14th. Finally, Deutsche Bank AG upgraded shares of BHP Billiton Limited from a hold rating to a buy rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $34.67.
Shares of BHP Billiton Limited (NYSE BHP) opened at 43.00 on Friday. BHP Billiton Limited has a 52-week low of $29.30 and a 52-week high of $43.60. The company has a market capitalization of $114.47 billion, a PE ratio of 19.47 and a beta of 1.12. The company has a 50-day moving average of $40.31 and a 200 day moving average of $37.50.
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The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.86 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 4.04%. This is a boost from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32.
Institutional investors have recently bought and sold shares of the stock. Huntington National Bank boosted its position in BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock valued at $101,000 after buying an additional 572 shares in the last quarter. Proficio Capital Partners LLC boosted its position in BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock valued at $114,000 after buying an additional 1,727 shares in the last quarter. Fifth Third Bancorp boosted its position in BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock valued at $121,000 after buying an additional 426 shares in the last quarter. V Wealth Management LLC bought a new position in BHP Billiton Limited during the second quarter valued at about $133,000. Finally, Bollard Group LLC boosted its position in BHP Billiton Limited by 18.3% in the second quarter. Bollard Group LLC now owns 4,133 shares of the mining company’s stock valued at $147,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 2.98% of the company’s stock.
About BHP Billiton Limited
BHP Billiton Limited 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.
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