BHP Billiton PLC’s (BBL) Sell Rating Reiterated at Citigroup Inc.
BHP Billiton PLC (NYSE:BBL)‘s stock had its “sell” rating reiterated by investment analysts at Citigroup Inc. in a research report issued on Thursday.
Other analysts have also issued research reports about the company. Beaufort Securities reaffirmed a “hold” rating on shares of BHP Billiton PLC in a report on Wednesday, June 22nd. Deutsche Bank AG reissued a “hold” rating on shares of BHP Billiton PLC in a report on Monday, July 25th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of BHP Billiton PLC in a report on Tuesday, June 21st. Jefferies Group raised BHP Billiton PLC from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $33.00 in a report on Tuesday, August 23rd. Finally, Zacks Investment Research lowered BHP Billiton PLC from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.50.
BHP Billiton PLC (NYSE:BBL) opened at 30.43 on Thursday. BHP Billiton PLC has a one year low of $16.36 and a one year high of $35.82. The stock’s market capitalization is $80.98 billion. The company’s 50 day moving average price is $28.27 and its 200-day moving average price is $25.90.
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The firm also recently disclosed a dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 31st.
Several institutional investors have recently added to or reduced their stakes in BBL. Bank of Montreal Can purchased a new stake in BHP Billiton PLC during the second quarter worth approximately $1,643,000. Nikko Asset Management Americas Inc. increased its stake in BHP Billiton PLC by 30.6% in the second quarter. Nikko Asset Management Americas Inc. now owns 1,796,112 shares of the mining company’s stock worth $43,825,000 after buying an additional 420,400 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in BHP Billiton PLC during the second quarter worth approximately $292,000. Seven Eight Capital LLC increased its stake in BHP Billiton PLC by 859.8% in the first quarter. Seven Eight Capital LLC now owns 8,648 shares of the mining company’s stock worth $197,000 after buying an additional 7,747 shares in the last quarter. Finally, LPL Financial LLC increased its stake in BHP Billiton PLC by 35.7% in the first quarter. LPL Financial LLC now owns 82,748 shares of the mining company’s stock worth $1,736,000 after buying an additional 21,771 shares in the last quarter. 3.52% of the stock is owned by hedge funds and other institutional investors.
BHP Billiton PLC Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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