BHP Billiton Limited (NYSE:BHP) was downgraded by Exane BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued on Thursday.

A number of other research firms have also recently issued reports on BHP. BNP Paribas cut shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Raymond James Financial, Inc. lowered shares of BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a research note on Friday, September 1st. Royal Bank Of Canada lowered shares of BHP Billiton Limited from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 31st. They noted that the move was a valuation call. BidaskClub raised shares of BHP Billiton Limited from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research raised shares of BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.67.

Shares of BHP Billiton Limited (NYSE:BHP) traded down 2.63% during mid-day trading on Thursday, reaching $42.99. 4,715,548 shares of the company’s stock were exchanged. BHP Billiton Limited has a one year low of $29.30 and a one year high of $44.62. The stock has a market cap of $114.44 billion, a PE ratio of 19.47 and a beta of 1.12. The company has a 50 day moving average price of $41.59 and a 200-day moving average price of $37.73. BHP Billiton Limited also was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 23,922 call options on the company. This represents an increase of approximately 1,018% compared to the typical daily volume of 2,139 call options.

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A number of large investors have recently bought and sold shares of the stock. CI Investments Inc. boosted its stake in BHP Billiton Limited by 5.8% during the second quarter. CI Investments Inc. now owns 2,168,350 shares of the mining company’s stock worth $77,172,000 after acquiring an additional 119,700 shares in the last quarter. Earnest Partners LLC boosted its stake in BHP Billiton Limited by 1.2% during the second quarter. Earnest Partners LLC now owns 1,736,030 shares of the mining company’s stock worth $61,785,000 after acquiring an additional 20,581 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in BHP Billiton Limited by 7.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,190,387 shares of the mining company’s stock worth $42,366,000 after acquiring an additional 79,581 shares in the last quarter. LMR Partners LLP boosted its stake in BHP Billiton Limited by 38.6% during the second quarter. LMR Partners LLP now owns 967,223 shares of the mining company’s stock worth $34,622,000 after acquiring an additional 269,303 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in BHP Billiton Limited by 12.9% during the second quarter. Tocqueville Asset Management L.P. now owns 945,602 shares of the mining company’s stock worth $33,654,000 after acquiring an additional 107,948 shares in the last quarter. 2.98% of the stock is currently owned by institutional investors and hedge funds.

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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