BHP Billiton Limited (BHP) Given Consensus Rating of “Hold” by Analysts

Shares of BHP Billiton Limited (NYSE:BHP) have received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company. Thirteen analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $40.35.

BHP has been the topic of several research analyst reports. Jefferies Group LLC reiterated a “buy” rating on shares of BHP Billiton Limited in a research report on Friday, October 21st. Morgan Stanley restated a “buy” rating on shares of BHP Billiton Limited in a report on Saturday, January 21st. Citigroup Inc. upgraded shares of BHP Billiton Limited from a “sell” rating to a “buy” rating in a report on Monday, December 5th. Argus upped their price objective on shares of BHP Billiton Limited from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, December 1st. Finally, HSBC Holdings plc assumed coverage on shares of BHP Billiton Limited in a report on Thursday, November 10th. They issued a “hold” rating on the stock.

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Shares of BHP Billiton Limited (NYSE:BHP) opened at 40.47 on Wednesday. The stock’s 50 day moving average is $39.23 and its 200 day moving average is $35.46. BHP Billiton Limited has a 52 week low of $21.88 and a 52 week high of $41.79. The stock’s market cap is $107.70 billion.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in shares of BHP Billiton Limited by 10.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,944 shares of the mining company’s stock worth $857,000 after buying an additional 2,277 shares during the period. Wexford Capital LP bought a new position in shares of BHP Billiton Limited during the fourth quarter worth $235,000. First Republic Investment Management Inc. increased its position in shares of BHP Billiton Limited by 1.7% in the fourth quarter. First Republic Investment Management Inc. now owns 59,259 shares of the mining company’s stock worth $2,120,000 after buying an additional 1,010 shares during the period. William Blair Investment Management LLC increased its position in shares of BHP Billiton Limited by 889.9% in the fourth quarter. William Blair Investment Management LLC now owns 744,548 shares of the mining company’s stock worth $26,640,000 after buying an additional 669,330 shares during the period. Finally, Guardian Capital Advisors LP increased its position in shares of BHP Billiton Limited by 8.4% in the fourth quarter. Guardian Capital Advisors LP now owns 168,561 shares of the mining company’s stock worth $6,324,000 after buying an additional 12,997 shares during the period. Institutional investors own 2.86% of the company’s stock.

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.

5 Day Chart for NYSE:BHP

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