Raymond James Financial, Inc. downgraded shares of BHP Billiton Limited (NYSE:BHP) from a market perform rating to an underperform rating in a research note issued to investors on Friday morning.

Other research analysts have also recently issued research reports about the stock. HSBC Holdings plc cut shares of BHP Billiton Limited from a buy rating to a hold rating in a report on Friday, July 14th. UBS AG upgraded shares of BHP Billiton Limited from a neutral rating to a buy rating in a report on Thursday, June 8th. Jefferies Group LLC cut shares of BHP Billiton Limited from a buy rating to a hold rating and set a $32.00 price target for the company. in a report on Thursday, June 8th. Deutsche Bank AG upgraded shares of BHP Billiton Limited from a hold rating to a buy rating in a report on Wednesday, July 5th. Finally, Citigroup Inc. cut shares of BHP Billiton Limited from a buy rating to a neutral rating and reduced their price target for the company from $41.79 to $28.02 in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $34.67.

BHP Billiton Limited (BHP) traded up 1.52% during midday trading on Friday, reaching $44.16. 2,426,911 shares of the company’s stock were exchanged. BHP Billiton Limited has a 1-year low of $29.30 and a 1-year high of $44.24. The stock has a market cap of $117.55 billion, a P/E ratio of 20.00 and a beta of 1.11. The firm’s 50-day moving average is $41.04 and its 200 day moving average is $37.63.

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The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th will be given a $0.86 dividend. This represents a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32.

A number of hedge funds have recently bought and sold shares of the company. Huntington National Bank raised its stake 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 during the period. Proficio Capital Partners LLC raised its stake 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 during the period. Fifth Third Bancorp raised its stake 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 during the period. V Wealth Management LLC purchased a new stake in BHP Billiton Limited during the second quarter valued at about $133,000. Finally, Bollard Group LLC raised its stake 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 during the period. 2.98% of the stock is currently owned by hedge funds and other institutional investors.

BHP Billiton Limited Company Profile

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.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

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