BHP Billiton Ltd. (NYSE:BHP) was upgraded by stock analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday.

BHP has been the topic of a number of other research reports. Argus raised BHP Billiton from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, August 30th. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton in a research report on Tuesday, June 7th. Zacks Investment Research downgraded BHP Billiton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Jefferies Group raised BHP Billiton from a “hold” rating to a “buy” rating and increased their price target for the stock from $28.00 to $33.00 in a research report on Tuesday, August 23rd. Finally, Bank of America Corp. reissued a “buy” rating on shares of BHP Billiton in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.06.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

Shares of BHP Billiton (NYSE:BHP) opened at 32.18 on Tuesday. The company’s market capitalization is $85.63 billion. The firm’s 50 day moving average price is $31.17 and its 200-day moving average price is $28.79. BHP Billiton has a 1-year low of $18.46 and a 1-year high of $38.10.

The company also recently disclosed a semiannual dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were paid a $0.28 dividend. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, August 31st.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of BHP Billiton by 25.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,349 shares of the mining company’s stock valued at $268,000 after buying an additional 2,092 shares during the last quarter. Willis Investment Counsel raised its stake in BHP Billiton by 8.9% in the first quarter. Willis Investment Counsel now owns 208,350 shares of the mining company’s stock valued at $5,396,000 after buying an additional 17,015 shares during the period. Bessemer Group Inc. raised its stake in BHP Billiton by 38.6% in the first quarter. Bessemer Group Inc. now owns 4,150 shares of the mining company’s stock valued at $108,000 after buying an additional 1,155 shares during the period. BlackRock Inc. raised its stake in BHP Billiton by 49.6% in the first quarter. BlackRock Inc. now owns 107,675 shares of the mining company’s stock valued at $2,789,000 after buying an additional 35,709 shares during the period. Finally, Connable Office Inc. raised its stake in BHP Billiton by 20.8% in the first quarter. Connable Office Inc. now owns 10,583 shares of the mining company’s stock valued at $274,000 after buying an additional 1,819 shares during the period. Hedge funds and other institutional investors own 4.60% of the company’s stock.

BHP Billiton Company Profile

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

5 Day Chart for NYSE:BHP

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