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

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. “

Separately, Jefferies Group set a $38.00 target price on BHP Billiton and gave the stock a “hold” rating in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. BHP Billiton currently has an average rating of “Buy” and an average target price of $41.50.

Shares of BHP Billiton (NYSE:BBL) traded up $0.22 during trading on Wednesday, hitting $44.39. The stock had a trading volume of 2,216,515 shares, compared to its average volume of 1,814,873. The firm has a market cap of $129,600.00, a PE ratio of 20.09, a P/E/G ratio of 2.94 and a beta of 1.05. BHP Billiton has a fifty-two week low of $28.73 and a fifty-two week high of $45.30. The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47.

Hedge funds have recently added to or reduced their stakes in the company. Group One Trading L.P. raised its position in shares of BHP Billiton by 668.8% during the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after buying an additional 2,675 shares during the period. Knowledge Leaders Capital LLC raised its position in shares of BHP Billiton by 59.3% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after buying an additional 1,467 shares during the period. Commonwealth Equity Services Inc purchased a new stake in shares of BHP Billiton during the 3rd quarter valued at approximately $217,000. Raymond James Financial Services Advisors Inc. raised its position in shares of BHP Billiton by 14.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after buying an additional 947 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of BHP Billiton by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after buying an additional 275 shares during the period. 4.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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