BHP Billiton (BBL) Downgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research lowered shares of BHP Billiton (NYSE:BBL) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

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. “

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley cut shares of BHP Billiton from an overweight rating to an equal rating in a research note on Tuesday, September 25th. ValuEngine upgraded shares of BHP Billiton from a sell rating to a hold rating in a research note on Friday, September 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BHP Billiton has an average rating of Hold and a consensus price target of $42.50.

BBL opened at $41.06 on Monday. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. BHP Billiton has a 52-week low of $35.48 and a 52-week high of $47.92.

The business also recently announced a semiannual dividend, which was paid on Tuesday, September 25th. Shareholders of record on Friday, September 7th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a yield of 6.06%. This is a boost from BHP Billiton’s previous semiannual dividend of $0.80. BHP Billiton’s dividend payout ratio is currently 75.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of BBL. Whittier Trust Co. of Nevada Inc. bought a new position in BHP Billiton during the 2nd quarter valued at about $112,000. Commerzbank Aktiengesellschaft FI bought a new position in BHP Billiton during the 2nd quarter valued at about $203,000. Advisor Partners LLC bought a new position in BHP Billiton during the 2nd quarter valued at about $205,000. NumerixS Investment Technologies Inc lifted its stake in BHP Billiton by 1,400.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the mining company’s stock valued at $269,000 after acquiring an additional 5,600 shares during the period. Finally, Lourd Capital LLC bought a new position in shares of BHP Billiton in the 3rd quarter worth approximately $271,000. Institutional investors and hedge funds own 4.16% of the company’s stock.

About BHP Billiton

BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, energy coal, and oil and gas.

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