Published On: Thu, Sep 22nd, 2016

Sanford C. Bernstein Reiterates “Market Perform” Rating for BHP Billiton Ltd. (BHP)

BHP Billiton Ltd. (NYSE:BHP)‘s stock had its “market perform” rating reissued by stock analysts at Sanford C. Bernstein in a research note issued on Thursday.
BHP has been the topic of a number of other reports. BMO Capital Markets reissued a “hold” rating on shares of BHP Billiton in a report on Monday, August 29th. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, July 21st. Vetr lowered BHP Billiton from a “strong-buy” rating to a “buy” rating and set a $35.05 price target on the stock. in a report on Wednesday. JPMorgan Chase & Co. raised BHP Billiton from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Finally, Macquarie raised BHP Billiton from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.06.

Shares of BHP Billiton (NYSE:BHP) traded up 1.15% on Thursday, reaching $32.55. 3,095,459 shares of the company traded hands. The firm has a 50-day moving average of $31.17 and a 200-day moving average of $28.79. BHP Billiton has a 52-week low of $18.46 and a 52-week high of $38.10. The company’s market capitalization is $86.62 billion.

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The firm also recently disclosed a semiannual dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were paid a $0.28 dividend. This represents a yield of 1.72%. The ex-dividend date of this dividend was Wednesday, August 31st.
Large investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of BHP Billiton by 45.2% in the first quarter. State Street Corp now owns 96,429 shares of the mining company’s stock valued at $2,497,000 after buying an additional 30,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake 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 in the last quarter. Willis Investment Counsel increased its stake in shares of 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 in the last quarter. Bessemer Group Inc. increased its stake in shares of 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 in the last quarter. Finally, BlackRock Inc. increased its stake in shares of 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 in the last quarter. 4.60% of the stock is owned by hedge funds and other institutional investors.
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.

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