BHP Billiton Ltd. (NYSE:BHP) shares gapped up before the market opened on Monday . The stock had previously closed at $29.77, but opened at $29.97. BHP Billiton shares last traded at $30.68, with a volume of 1,885,330 shares.

Several brokerages have weighed in on BHP. Argus raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, August 30th. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton in a report on Tuesday, June 7th. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Jefferies Group raised shares of BHP Billiton from a “hold” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $33.00 in a report on Tuesday, August 23rd. Finally, Bank of America Corp. reissued a “buy” rating on shares of BHP Billiton in a report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.09.

The firm’s market capitalization is $81.13 billion. The firm has a 50 day moving average price of $31.03 and a 200-day moving average price of $28.74.

The firm also recently declared a semiannual dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a dividend yield of 1.72%.

Several institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position 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. Toronto Dominion Bank increased its position in BHP Billiton by 229.3% in the second quarter. Toronto Dominion Bank now owns 4,210 shares of the mining company’s stock valued at $121,000 after buying an additional 7,465 shares during the period. Signaturefd LLC increased its position in BHP Billiton by 50.0% in the second quarter. Signaturefd LLC now owns 4,454 shares of the mining company’s stock valued at $127,000 after buying an additional 1,485 shares during the period. Manchester Capital Management LLC increased its position in BHP Billiton by 1.3% in the second quarter. Manchester Capital Management LLC now owns 4,896 shares of the mining company’s stock valued at $140,000 after buying an additional 61 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in BHP Billiton by 2.0% in the second quarter. Carroll Financial Associates Inc. now owns 5,014 shares of the mining company’s stock valued at $143,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 4.84% 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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