BHP Billiton (BBL) Lifted to Sector Perform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of BHP Billiton (NYSE:BBL) from an underperform rating to a sector perform rating in a research note published on Tuesday.

BBL has been the subject of several other reports. Zacks Investment Research upgraded BHP Billiton from a hold rating to a buy rating and set a $43.00 target price for the company in a research report on Tuesday, December 19th. Citigroup reissued a neutral rating on shares of BHP Billiton in a report on Wednesday, February 21st. Deutsche Bank cut BHP Billiton from a buy rating to a hold rating in a research note on Wednesday, February 21st. ValuEngine cut BHP Billiton from a buy rating to a hold rating in a research note on Monday. Finally, Jefferies Group reaffirmed a hold rating and set a $40.00 target price on shares of BHP Billiton in a research note on Monday, January 8th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $45.00.

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Shares of BHP Billiton stock traded down $0.02 during midday trading on Tuesday, hitting $39.56. The company had a trading volume of 201,837 shares, compared to its average volume of 1,945,066. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.40 and a current ratio of 1.75. BHP Billiton has a 1-year low of $28.73 and a 1-year high of $45.43.

The business also recently declared a None dividend, which was paid on Tuesday, March 27th. Stockholders of record on Friday, March 9th were given a $1.10 dividend. The ex-dividend date was Thursday, March 8th. This is a boost from BHP Billiton’s previous None dividend of $0.86. This represents a dividend yield of 5.31%. BHP Billiton’s payout ratio is 77.47%.

Institutional investors have recently bought and sold shares of the stock. SevenBridge Financial Group LLC purchased a new position in BHP Billiton during the fourth quarter worth about $105,000. Group One Trading L.P. grew its holdings in shares of BHP Billiton by 668.8% during the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock worth $109,000 after acquiring an additional 2,675 shares during the period. Icon Wealth Partners LLC purchased a new position in shares of BHP Billiton during the 4th quarter worth approximately $138,000. Commonwealth Equity Services Inc purchased a new position in shares of BHP Billiton during the 3rd quarter worth approximately $217,000. Finally, Premia Global Advisors LLC purchased a new position in shares of BHP Billiton during the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 4.13% of the company’s stock.

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BHP Billiton Company Profile

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, thermal energy coal, and oil and gas properties.

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