BHP Billiton (BHP) Shares Gap Down to $49.60

BHP Billiton Limited (NYSE:BHP)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $52.11, but opened at $49.60. BHP Billiton shares last traded at $47.54, with a volume of 2124451 shares traded.

A number of brokerages have commented on BHP. Zacks Investment Research downgraded shares of BHP Billiton from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 1st. Sanford C. Bernstein upgraded shares of BHP Billiton to a “buy” rating in a research report on Thursday, December 20th. JPMorgan Chase & Co. downgraded shares of BHP Billiton from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 6th. ValuEngine upgraded shares of BHP Billiton from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Deutsche Bank upgraded shares of BHP Billiton to a “buy” rating in a research report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.00.

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. The company has a market capitalization of $79.66 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.60 and a beta of 0.79.

The business also recently declared a dividend, which will be paid on Wednesday, January 30th. Stockholders of record on Friday, January 11th will be paid a dividend of $2.04 per share. The ex-dividend date of this dividend is Thursday, January 10th. This is a boost from BHP Billiton’s previous dividend of $0.32. BHP Billiton’s dividend payout ratio is 75.00%.

Large investors have recently bought and sold shares of the company. Moody National Bank Trust Division grew its stake in BHP Billiton by 2.7% in the 4th quarter. Moody National Bank Trust Division now owns 20,773 shares of the mining company’s stock valued at $1,003,000 after acquiring an additional 548 shares during the last quarter. Macquarie Group Ltd. grew its stake in BHP Billiton by 1.6% in the 2nd quarter. Macquarie Group Ltd. now owns 65,564 shares of the mining company’s stock valued at $3,279,000 after acquiring an additional 1,059 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in BHP Billiton by 18.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,288 shares of the mining company’s stock valued at $363,000 after acquiring an additional 1,131 shares during the last quarter. Creative Planning lifted its holdings in BHP Billiton by 6.7% in the 3rd quarter. Creative Planning now owns 18,606 shares of the mining company’s stock valued at $927,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its holdings in BHP Billiton by 6.9% in the 3rd quarter. Freestone Capital Holdings LLC now owns 22,774 shares of the mining company’s stock valued at $1,135,000 after purchasing an additional 1,461 shares in the last quarter. 3.41% of the stock is currently owned by institutional investors and hedge funds.

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About BHP Billiton (NYSE:BHP)

BHP Billiton Limited 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 ore, as well as metallurgical and energy coal, and oil and gas properties.

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