The BHP Billiton Ltd. (BHP) Lowered to Sell at Citigroup Inc.

The BHP Billiton Ltd. (BHP) Lowered to Sell at Citigroup Inc.

Citigroup Inc. downgraded shares of BHP Billiton Ltd. (NYSE:BHP) from a neutral rating to a sell rating in a research report sent to investors on Wednesday.

Other equities analysts have also recently issued reports about the stock. Barclays PLC reiterated a hold rating on shares of BHP Billiton in a research note on Saturday, October 8th. JPMorgan Chase & Co. upgraded shares of BHP Billiton from an underweight rating to a neutral rating in a research note on Wednesday, July 6th. Macquarie upgraded shares of BHP Billiton from an underperform rating to a neutral rating in a research note on Tuesday, August 16th. Zacks Investment Research cut shares of BHP Billiton from a buy rating to a hold rating in a research note on Friday, August 5th. Finally, Vetr cut shares of BHP Billiton from a buy rating to a hold rating and set a $35.05 price objective for the company. in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $29.34.

Shares of BHP Billiton (NYSE:BHP) traded down 4.17% during mid-day trading on Wednesday, reaching $33.55. 1,284,490 shares of the company were exchanged. BHP Billiton has a 12 month low of $18.46 and a 12 month high of $36.73. The firm’s market capitalization is $89.28 billion. The company’s 50 day moving average price is $32.42 and its 200 day moving average price is $29.59.

The company also recently declared a semiannual dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a dividend yield of 1.72%.

Several hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of BHP Billiton by 24.4% in the first quarter. Envestnet Asset Management Inc. now owns 115,479 shares of the mining company’s stock worth $2,991,000 after buying an additional 22,639 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of BHP Billiton during the first quarter worth $142,000. Wellington Management Group LLP increased its stake in shares of BHP Billiton by 148.5% in the first quarter. Wellington Management Group LLP now owns 1,662,710 shares of the mining company’s stock worth $43,064,000 after buying an additional 993,690 shares in the last quarter. Simmons Bank purchased a new stake in shares of BHP Billiton during the first quarter worth $267,000. Finally, Geode Capital Management LLC increased its stake in shares of BHP Billiton by 107.1% in the first quarter. Geode Capital Management LLC now owns 26,762 shares of the mining company’s stock worth $692,000 after buying an additional 13,837 shares in the last quarter. Institutional investors and hedge funds own 4.60% of the company’s stock.

BHP Billiton Company Profile

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