BHP Billiton Ltd. (BHP) Shares Gap Down to $31.07
BHP Billiton Ltd. (NYSE:BHP)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $30.92, but opened at $31.07. BHP Billiton shares last traded at $31.56, with a volume of 1,346,312 shares trading hands.
Several equities analysts recently commented on BHP shares. Jefferies Group raised shares of BHP Billiton from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $33.00 in a research note on Tuesday, August 23rd. Bank of America Corp. reiterated a “buy” rating on shares of BHP Billiton in a research report on Tuesday, August 16th. Argus upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, August 30th. 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 research report on Thursday, July 21st. Finally, BMO Capital Markets reiterated a “hold” rating on shares of BHP Billiton in a research report on Monday, August 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.09.
The stock’s market capitalization is $85.63 billion. The company’s 50 day moving average price is $31.17 and its 200-day moving average price is $28.79.
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The business also recently disclosed a semiannual dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.28 per share. This represents a yield of 1.72%. The ex-dividend date of this dividend was Wednesday, August 31st.
A number of large investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in shares of BHP Billiton by 38.6% in the first quarter. Bessemer Group Inc. now owns 4,150 shares of the mining company’s stock worth $108,000 after buying an additional 1,155 shares during the period. Toronto Dominion Bank raised its stake in shares of BHP Billiton by 229.3% in the second quarter. Toronto Dominion Bank now owns 4,210 shares of the mining company’s stock worth $121,000 after buying an additional 7,465 shares during the period. Signaturefd LLC raised its stake in shares of BHP Billiton by 50.0% in the second quarter. Signaturefd LLC now owns 4,454 shares of the mining company’s stock worth $127,000 after buying an additional 1,485 shares during the period. Manchester Capital Management LLC raised its stake in shares of BHP Billiton by 1.3% in the second quarter. Manchester Capital Management LLC now owns 4,896 shares of the mining company’s stock worth $140,000 after buying an additional 61 shares during the period. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of BHP Billiton during the first quarter worth about $142,000. 4.60% of the stock is owned by institutional investors and hedge funds.
BHP Billiton Company Profile
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.
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