BHP Billiton Limited (NYSE:BHP) has been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $35.66.

Several analysts have commented on the company. Zacks Investment Research cut BHP Billiton Limited from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Citigroup Inc. lowered BHP Billiton Limited from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $41.79 to $28.02 in a research note on Wednesday, July 19th. HSBC Holdings plc lowered BHP Billiton Limited from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub raised BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Argus reduced their price objective on BHP Billiton Limited from $46.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, June 27th.

BHP Billiton Limited (NYSE:BHP) opened at 40.35 on Friday. BHP Billiton Limited has a 52-week low of $29.30 and a 52-week high of $42.00. The firm has a market cap of $107.37 billion, a PE ratio of 43.29 and a beta of 1.12. The firm has a 50-day moving average of $38.83 and a 200-day moving average of $37.48.

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Institutional investors have recently made changes to their positions in the stock. Independence Advisors LLC acquired a new position in shares of BHP Billiton Limited during the second quarter worth about $246,000. Huntington National Bank raised its position in shares of BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock worth $101,000 after buying an additional 572 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock worth $114,000 after buying an additional 1,727 shares during the last quarter. Fifth Third Bancorp raised its position in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after buying an additional 426 shares during the last quarter. Finally, Bollard Group LLC raised its position in shares of BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock worth $127,000 after buying an additional 2,349 shares during the last quarter. 2.98% of the stock is currently owned by institutional investors.

BHP Billiton Limited Company Profile

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.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

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