Trading Report: The BHP Billiton PLC (BBL) Earns “Sell” Rating from Citigroup Inc.

The BHP Billiton PLC (BBL) Earns “Sell” Rating from Citigroup Inc.

Citigroup Inc. reiterated their sell rating on shares of BHP Billiton PLC (NYSE:BBL) in a research report released on Thursday.

BBL has been the subject of several other reports. Deutsche Bank AG reissued a hold rating on shares of BHP Billiton PLC in a research note on Wednesday, September 7th. Zacks Investment Research raised BHP Billiton PLC from a hold rating to a buy rating and set a $34.00 price objective for the company in a research note on Tuesday, October 4th. RBC Capital Markets reissued a sector perform rating on shares of BHP Billiton PLC in a research note on Friday, October 7th. JPMorgan Chase & Co. reissued an underweight rating on shares of BHP Billiton PLC in a research note on Tuesday, June 21st. Finally, Jefferies Group raised BHP Billiton PLC from a hold rating to a buy rating and increased their price objective for the company from $28.00 to $33.00 in a research note on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $36.00.

Shares of BHP Billiton PLC (NYSE:BBL) opened at 29.35 on Thursday. The company’s market capitalization is $78.11 billion. The company has a 50 day moving average price of $28.42 and a 200 day moving average price of $26.07. BHP Billiton PLC has a 12-month low of $16.36 and a 12-month high of $35.36.

The firm also recently declared a dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 31st.

Several institutional investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new position in BHP Billiton PLC during the third quarter worth $109,000. BlackRock Advisors LLC acquired a new position in BHP Billiton PLC during the second quarter worth $113,000. Northwestern Mutual Wealth Management Co. boosted its position in BHP Billiton PLC by 448.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,792 shares of the mining company’s stock worth $122,000 after buying an additional 3,918 shares in the last quarter. Barclays PLC boosted its position in BHP Billiton PLC by 289.7% in the second quarter. Barclays PLC now owns 5,846 shares of the mining company’s stock worth $149,000 after buying an additional 4,346 shares in the last quarter. Finally, Seven Eight Capital LLC boosted its position in BHP Billiton PLC by 859.8% in the first quarter. Seven Eight Capital LLC now owns 8,648 shares of the mining company’s stock worth $197,000 after buying an additional 7,747 shares in the last quarter. Institutional investors and hedge funds own 3.52% of the company’s stock.

BHP Billiton PLC Company Profile

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