BHP Billiton (BBL) Given “Hold” Rating at Jefferies Group

Jefferies Group reaffirmed their hold rating on shares of BHP Billiton (NYSE:BBL) in a report released on Monday morning. The brokerage currently has a $40.00 price target on the mining company’s stock.

Separately, Zacks Investment Research raised shares of BHP Billiton from a hold rating to a strong-buy rating and set a $42.00 price target on the stock in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. BHP Billiton has an average rating of Buy and an average price target of $41.50.

BHP Billiton (NYSE BBL) traded up $1.03 during mid-day trading on Monday, hitting $45.28. 2,132,679 shares of the stock were exchanged, compared to its average volume of 1,609,067. BHP Billiton has a one year low of $28.73 and a one year high of $45.30. The company has a market cap of $126,460.00, a PE ratio of 20.49, a PEG ratio of 2.93 and a beta of 1.05. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in BHP Billiton by 2.9% in the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after acquiring an additional 275 shares in the last quarter. Stifel Financial Corp lifted its position in BHP Billiton by 2.2% in the 2nd quarter. Stifel Financial Corp now owns 22,404 shares of the mining company’s stock valued at $685,000 after acquiring an additional 477 shares in the last quarter. Advisor Group Inc. lifted its position in BHP Billiton by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 16,779 shares of the mining company’s stock valued at $514,000 after acquiring an additional 624 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in BHP Billiton by 14.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after acquiring an additional 947 shares in the last quarter. Finally, Knowledge Leaders Capital LLC lifted its position in BHP Billiton by 59.3% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after acquiring an additional 1,467 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors and hedge funds.

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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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