BHP Billiton (NYSE:BHP) was upgraded by J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.
BHP has been the topic of a number of other reports. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Exane BNP Paribas lowered BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. BNP Paribas lowered BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 6th. Finally, Raymond James Financial lowered BHP Billiton from a “market perform” rating to an “underperform” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.52.
BHP Billiton (NYSE:BHP) traded up $0.45 during midday trading on Thursday, reaching $42.36. The company’s stock had a trading volume of 1,785,400 shares, compared to its average volume of 2,692,428. BHP Billiton has a 52-week low of $33.37 and a 52-week high of $44.62. 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 hedge funds have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its position in shares of BHP Billiton by 0.3% during the 2nd quarter. Raymond James Trust N.A. now owns 6,830 shares of the mining company’s stock valued at $243,000 after acquiring an additional 21 shares in the last quarter. Point View Wealth Management Inc. increased its position in BHP Billiton by 0.3% in the second quarter. Point View Wealth Management Inc. now owns 39,723 shares of the mining company’s stock worth $1,414,000 after buying an additional 135 shares during the period. Caz Investments LP increased its position in BHP Billiton by 1.6% in the second quarter. Caz Investments LP now owns 16,550 shares of the mining company’s stock worth $589,000 after buying an additional 260 shares during the period. Financial Counselors Inc. increased its position in BHP Billiton by 5.2% in the second quarter. Financial Counselors Inc. now owns 5,896 shares of the mining company’s stock worth $210,000 after buying an additional 294 shares during the period. Finally, Toronto Dominion Bank increased its position in BHP Billiton by 7.9% in the second quarter. Toronto Dominion Bank now owns 5,037 shares of the mining company’s stock worth $180,000 after buying an additional 368 shares during the period. 3.27% of the stock is currently owned by institutional investors and hedge funds.
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About BHP Billiton
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.
