BHP Billiton (BBL) Receives “Hold” Rating from Jefferies Group

Jefferies Group reaffirmed their hold rating on shares of BHP Billiton (NYSE:BBL) in a report released on Monday, January 8th. The brokerage currently has a $40.00 price target on the mining company’s stock.

Separately, Zacks Investment Research cut shares of BHP Billiton from a buy rating to a hold rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $41.50.

BHP Billiton (NYSE:BBL) opened at $44.17 on Monday. BHP Billiton has a 1 year low of $28.73 and a 1 year high of $45.30. 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 modified their holdings of BBL. First Trust Advisors LP increased its stake in shares of BHP Billiton by 85.7% during the 2nd quarter. First Trust Advisors LP now owns 21,793 shares of the mining company’s stock worth $670,000 after purchasing an additional 10,060 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of BHP Billiton by 11.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,083 shares of the mining company’s stock worth $1,819,000 after purchasing an additional 6,064 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of BHP Billiton during the 2nd quarter worth approximately $268,000. Oppenheimer Asset Management Inc. increased its stake in shares of BHP Billiton by 697.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,585 shares of the mining company’s stock worth $849,000 after purchasing an additional 24,125 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of BHP Billiton by 108.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 315,759 shares of the mining company’s stock worth $9,713,000 after purchasing an additional 164,539 shares during the last quarter. 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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