BHP Billiton (BBL) Trading Down 5.2%

BHP Billiton plc (NYSE:BBL) shares traded down 5.2% on Tuesday . The company traded as low as $41.45 and last traded at $41.74. 4,040,962 shares were traded during trading, an increase of 93% from the average session volume of 2,090,690 shares. The stock had previously closed at $44.04.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of BHP Billiton in a report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $45.00.

The firm has a market capitalization of $120,540.00, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53.

Institutional investors have recently bought and sold shares of the business. SevenBridge Financial Group LLC acquired a new stake in BHP Billiton in the fourth quarter valued at $105,000. Group One Trading L.P. grew its holdings in BHP Billiton by 668.8% in the third quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after purchasing an additional 2,675 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in BHP Billiton in the fourth quarter valued at $138,000. Knowledge Leaders Capital LLC grew its holdings in BHP Billiton by 59.3% in the third quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Premia Global Advisors LLC acquired a new stake in BHP Billiton in the fourth quarter valued at $221,000. 4.15% of the stock is currently owned by institutional investors.

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About BHP Billiton

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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