Jefferies Group LLC set a $38.00 price objective on BHP Billiton PLC (NYSE:BBL) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the mining company’s stock.

BBL has been the subject of several other reports. BidaskClub raised shares of BHP Billiton PLC from a strong sell rating to a sell rating in a report on Friday, June 30th. Zacks Investment Research raised shares of BHP Billiton PLC from a strong sell rating to a hold rating in a report on Tuesday, August 8th. Finally, ValuEngine raised shares of BHP Billiton PLC from a buy rating to a strong-buy rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $38.00.

Shares of BHP Billiton PLC (NYSE:BBL) opened at 36.17 on Thursday. The stock has a market cap of $96.28 billion, a price-to-earnings ratio of 16.38 and a beta of 1.01. BHP Billiton PLC has a 52 week low of $28.73 and a 52 week high of $39.12. The firm has a 50-day moving average price of $36.75 and a 200 day moving average price of $33.18.

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The company also recently declared a None dividend, which was paid on Tuesday, September 26th. Investors of record on Friday, September 8th were issued a dividend of $0.86 per share. This is an increase from BHP Billiton PLC’s previous None dividend of $0.28. This represents a yield of 4.73%. The ex-dividend date was Thursday, September 7th.

Hedge funds have recently made changes to their positions in the stock. Cowen Inc. bought a new position in BHP Billiton PLC during the 2nd quarter valued at about $2,442,000. Leucadia National Corp raised its stake in shares of BHP Billiton PLC by 38.3% in the second quarter. Leucadia National Corp now owns 300,601 shares of the mining company’s stock worth $9,246,000 after acquiring an additional 83,201 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BHP Billiton PLC by 68,636.4% in the first quarter. JPMorgan Chase & Co. now owns 151,220 shares of the mining company’s stock worth $4,711,000 after acquiring an additional 151,000 shares during the last quarter. UBS Oconnor LLC raised its stake in shares of BHP Billiton PLC by 28.7% in the first quarter. UBS Oconnor LLC now owns 385,941 shares of the mining company’s stock worth $12,022,000 after acquiring an additional 86,106 shares during the last quarter. Finally, BB&T Securities LLC raised its stake in shares of BHP Billiton PLC by 10.0% in the second quarter. BB&T Securities LLC now owns 29,583 shares of the mining company’s stock worth $909,000 after acquiring an additional 2,687 shares during the last quarter. 4.12% of the stock is owned by hedge funds and other institutional investors.

BHP Billiton PLC 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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