BHP Billiton (NYSE:BBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

Other research analysts have also recently issued reports about the company. BidaskClub raised BHP Billiton from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine cut BHP Billiton from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Jefferies Group set a $37.00 price objective on BHP Billiton and gave the company a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.00.

Shares of BHP Billiton (NYSE:BBL) traded up $0.68 during midday trading on Tuesday, hitting $36.64. The company’s stock had a trading volume of 860,700 shares, compared to its average volume of 1,622,502. BHP Billiton has a 12 month low of $28.73 and a 12 month high of $39.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53.

Several institutional investors have recently added to or reduced their stakes in BBL. Cambiar Investors LLC bought a new position in shares of BHP Billiton in the third quarter valued at about $121,594,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of BHP Billiton in the third quarter valued at about $58,251,000. Cheyne Capital Management UK LLP bought a new position in shares of BHP Billiton in the third quarter valued at about $1,068,000. Capital Research Global Investors bought a new position in shares of BHP Billiton in the third quarter valued at about $48,152,000. Finally, Mason Capital Management LLC bought a new position in shares of BHP Billiton in the second quarter valued at about $46,601,000. 4.39% of the stock is owned by institutional investors and hedge funds.

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BHP Billiton Company Profile

BHP Billiton Plc 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.

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