BHP Billiton’s (NYSE:BBL) “Hold” Rating Reaffirmed at Jefferies Group

Jefferies Group reissued their hold rating on shares of BHP Billiton (NYSE:BBL) in a research note issued to investors on Monday, January 8th. The firm currently has a $40.00 price objective on the mining company’s stock.

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

BHP Billiton (BBL) traded up $1.03 on Monday, reaching $45.28. 2,204,600 shares of the company traded hands, compared to its average volume of 1,609,067. BHP Billiton has a 52-week low of $28.73 and a 52-week high of $45.30. 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 institutional investors have recently bought and sold shares of the company. Cambiar Investors LLC boosted its holdings in shares of BHP Billiton by 4.3% in the third quarter. Cambiar Investors LLC now owns 5,423,369 shares of the mining company’s stock valued at $192,258,000 after acquiring an additional 222,160 shares in the last quarter. Polaris Capital Management LLC boosted its holdings in shares of 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 valued at $127,291,000 after acquiring an additional 546,628 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of 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 valued at $63,114,000 after acquiring an additional 129,665 shares in the last quarter. Cheyne Capital Management UK LLP bought a new position in shares of BHP Billiton in the third quarter valued at approximately $1,068,000. Finally, Northern Trust Corp boosted its holdings in shares of BHP Billiton by 20.9% in the second quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock valued at $47,145,000 after acquiring an additional 265,186 shares in the last quarter. Institutional investors and hedge funds own 4.39% of the company’s stock.

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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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