BHP Billiton plc (BBL) Cut to “Sell” at Zacks Investment Research

BHP Billiton plc (NYSE:BBL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, May 9th.

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, Citigroup Inc restated a “buy” rating on shares of BHP Billiton plc in a research note on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. BHP Billiton plc has a consensus rating of “Hold” and a consensus target price of $36.00.

Analyst Recommendations for BHP Billiton plc (NYSE:BBL)

BHP Billiton plc (NYSE:BBL) traded up 2.05% during mid-day trading on Tuesday, reaching $31.79. The company had a trading volume of 1,257,406 shares. The firm’s 50-day moving average is $31.01 and its 200-day moving average is $32.69. BHP Billiton plc has a one year low of $22.37 and a one year high of $37.44. The firm has a market capitalization of $84.59 billion, a P/E ratio of 34.11 and a beta of 1.20.

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Hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in BHP Billiton plc by 14.2% in the fourth quarter. Comerica Bank now owns 63,169 shares of the mining company’s stock worth $2,239,000 after buying an additional 7,876 shares during the last quarter. JJJ Advisors Inc. acquired a new stake in BHP Billiton plc during the fourth quarter worth approximately $378,000. Russell Investments Group Ltd. acquired a new stake in BHP Billiton plc during the fourth quarter worth approximately $21,734,000. ETRADE Capital Management LLC purchased a new position in BHP Billiton plc during the third quarter worth about $487,000. Finally, Lombard Odier Asset Management USA Corp increased its position in BHP Billiton plc by 101.1% in the third quarter. Lombard Odier Asset Management USA Corp now owns 268,780 shares of the mining company’s stock worth $8,166,000 after buying an additional 135,125 shares during the period. 3.89% of the stock is owned by institutional investors and hedge funds.

About BHP Billiton plc

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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