BHP Billiton (BBL) Shares Gap Down to $39.15

Shares of BHP Billiton plc (NYSE:BBL) gapped down before the market opened on Friday . The stock had previously closed at $38.44, but opened at $39.15. BHP Billiton shares last traded at $39.28, with a volume of 1969522 shares traded.

Several analysts have recently issued reports on BBL shares. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, December 19th. Citigroup reissued a “neutral” rating on shares of BHP Billiton in a report on Wednesday, February 21st. Deutsche Bank lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price objective on shares of BHP Billiton in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BHP Billiton presently has a consensus rating of “Hold” and a consensus price target of $45.00.

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The company has a current ratio of 1.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.41.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, March 27th. Investors of record on Friday, March 9th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from BHP Billiton’s previous None dividend of $0.86. This represents a yield of 5.31%.

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in BHP Billiton by 5.9% in the fourth quarter. First Trust Advisors LP now owns 23,445 shares of the mining company’s stock valued at $945,000 after buying an additional 1,299 shares in the last quarter. D L Carlson Investment Group Inc. boosted its stake in BHP Billiton by 1.9% in the fourth quarter. D L Carlson Investment Group Inc. now owns 88,690 shares of the mining company’s stock valued at $3,574,000 after buying an additional 1,635 shares in the last quarter. Suntrust Banks Inc. boosted its stake in BHP Billiton by 5.2% in the fourth quarter. Suntrust Banks Inc. now owns 48,777 shares of the mining company’s stock valued at $1,965,000 after buying an additional 2,392 shares in the last quarter. SevenBridge Financial Group LLC acquired a new stake in BHP Billiton in the fourth quarter valued at about $105,000. Finally, Group One Trading L.P. boosted its stake 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 buying an additional 2,675 shares in the last quarter. 4.13% of the stock is currently owned by institutional investors and hedge funds.

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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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