BHP Billiton (BHP) Stock Rating Upgraded by Societe Generale

Societe Generale upgraded shares of BHP Billiton (NYSE:BHP) from a hold rating to a buy rating in a research report released on Friday, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of BHP Billiton from a hold rating to a buy rating and set a $54.00 target price on the stock in a research note on Tuesday, January 9th. Citigroup downgraded shares of BHP Billiton from a buy rating to a neutral rating in a research note on Wednesday, February 21st. Cowen raised their target price on shares of BHP Billiton from $45.00 to $52.00 and gave the company a market perform rating in a research note on Wednesday, January 10th. BNP Paribas raised their target price on shares of BHP Billiton from $33.37 to $44.21 and gave the company a neutral rating in a research note on Tuesday, March 20th. Finally, Investec raised shares of BHP Billiton from a hold rating to a buy rating in a research note on Friday, March 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $39.37.

BHP stock opened at $43.64 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.40. BHP Billiton has a 12 month low of $33.37 and a 12 month high of $50.79. The company has a market capitalization of $70,064.02, a PE ratio of 17.25, a PEG ratio of 2.46 and a beta of 1.23.

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 27th. Investors of record on Friday, March 9th were paid a $1.10 dividend. This is an increase from BHP Billiton’s previous Semi-Annual dividend of $0.86. This represents a yield of 4.73%. The ex-dividend date was Thursday, March 8th. BHP Billiton’s dividend payout ratio (DPR) is currently 86.96%.

Several hedge funds have recently bought and sold shares of BHP. Bank of New York Mellon Corp raised its stake in shares of BHP Billiton by 9.7% during the third quarter. Bank of New York Mellon Corp now owns 73,073 shares of the mining company’s stock worth $2,961,000 after acquiring an additional 6,472 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of BHP Billiton by 170.3% during the third quarter. JPMorgan Chase & Co. now owns 598,805 shares of the mining company’s stock worth $24,245,000 after acquiring an additional 377,242 shares in the last quarter. Stifel Financial Corp raised its stake in shares of BHP Billiton by 4.6% during the third quarter. Stifel Financial Corp now owns 63,222 shares of the mining company’s stock worth $2,554,000 after acquiring an additional 2,803 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of BHP Billiton during the third quarter worth approximately $234,000. Finally, First Republic Investment Management Inc. raised its stake in shares of BHP Billiton by 4.9% during the third quarter. First Republic Investment Management Inc. now owns 101,447 shares of the mining company’s stock worth $4,112,000 after acquiring an additional 4,716 shares in the last quarter. 3.21% of the stock is currently owned by hedge funds and other institutional investors.

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BHP Billiton Company Profile

BHP Billiton Limited 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.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

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