Shares of BHP Billiton plc (NYSE:BBL) hit a new 52-week high on Tuesday . The stock traded as high as $41.53 and last traded at $40.30, with a volume of 1655300 shares changing hands. The stock had previously closed at $40.53.
BBL has been the subject of several recent analyst reports. Jefferies Group set a $38.00 target price on BHP Billiton and gave the company a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. BHP Billiton presently has an average rating of “Hold” and a consensus price target of $40.50.
The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47.
Several hedge funds have recently made changes to their positions in the business. Cambiar Investors LLC lifted its position in shares of BHP Billiton by 4.3% in the 3rd quarter. Cambiar Investors LLC now owns 5,423,369 shares of the mining company’s stock worth $192,258,000 after acquiring an additional 222,160 shares during the period. Polaris Capital Management LLC lifted its position in shares of BHP Billiton by 15.2% in the 2nd quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock worth $127,291,000 after acquiring an additional 546,628 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of BHP Billiton by 7.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,780,367 shares of the mining company’s stock worth $63,114,000 after acquiring an additional 129,665 shares during the period. Cheyne Capital Management UK LLP bought a new stake in shares of BHP Billiton in the 3rd quarter worth approximately $1,068,000. Finally, Northern Trust Corp lifted its position in shares of BHP Billiton by 20.9% in the 2nd quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock worth $47,145,000 after acquiring an additional 265,186 shares during the period. Institutional investors own 4.39% of the company’s stock.
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BHP Billiton 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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