BHP Billiton Limited (NYSE:BHP) – Research analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for BHP Billiton Limited in a report released on Wednesday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will post earnings per share of $2.80 for the year, down from their prior estimate of $2.87. Jefferies Group also issued estimates for BHP Billiton Limited’s FY2019 earnings at $2.72 EPS and FY2020 earnings at $2.90 EPS.

Several other brokerages have also weighed in on BHP. Exane BNP Paribas lowered shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a report on Thursday, September 7th. BNP Paribas lowered shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 6th. Raymond James Financial, Inc. lowered shares of BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a report 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 report on Thursday, August 31st. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of BHP Billiton Limited from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.52.

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Shares of BHP Billiton Limited (BHP) traded down 0.70% during trading on Friday, reaching $41.27. 2,343,185 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $42.07 and a 200-day moving average price of $38.58. The stock has a market capitalization of $109.85 billion, a price-to-earnings ratio of 18.69 and a beta of 1.09. BHP Billiton Limited has a 52 week low of $33.37 and a 52 week high of $44.62.

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th were given a $0.86 dividend. This is an increase from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 4.04%.

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

Earnings History and Estimates for BHP Billiton Limited (NYSE:BHP)

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