BHP Billiton (BBL) Hits New 52-Week High at $42.97

Shares of BHP Billiton plc (NYSE:BBL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.97 and last traded at $42.48, with a volume of 1036600 shares trading hands. The stock had previously closed at $42.15.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, December 19th. Jefferies Group set a $38.00 target price on shares of BHP Billiton and gave the company a “hold” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.50.

The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47.

Several hedge funds have recently added to or reduced their stakes in BBL. Cambiar Investors LLC raised its holdings in BHP Billiton by 4.3% in the third quarter. Cambiar Investors LLC now owns 5,423,369 shares of the mining company’s stock worth $192,258,000 after purchasing an additional 222,160 shares in the last quarter. Polaris Capital Management LLC raised its holdings in BHP Billiton by 15.2% in the second quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock worth $127,291,000 after purchasing an additional 546,628 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in BHP Billiton by 7.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,780,367 shares of the mining company’s stock worth $63,114,000 after purchasing an additional 129,665 shares in the last quarter. Cheyne Capital Management UK LLP bought a new position in BHP Billiton in the third quarter worth about $1,068,000. Finally, Northern Trust Corp raised its holdings in BHP Billiton by 20.9% in the second quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock worth $47,145,000 after purchasing an additional 265,186 shares in the last quarter. Hedge funds and other institutional investors own 4.39% of the company’s stock.

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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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