BHP Billiton plc (LON:BLT) Stock Rating Reaffirmed by Shore Capital

BHP has set new annual production records at its West Australian iron ore operations

A number of hedge funds and other institutional investors have recently made changes to their positions in the company.

BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago, enabling the world's third largest producer to meet its full-year guidance and set a bigger target for the current year. Vicus Capital now owns 77,786 shares of the mining company's stock worth $2,825,000 after buying an additional 40,827 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of BHP Billiton Limited by 12.5% in the first quarter. Main Street Research LLC raised its stake in BHP Billiton Limited by 5.3% in the second quarter. Norges Bank acquired a new position in shares of BHP Billiton Limited during the fourth quarter valued at $18,675,000. It also reduced Paramount Group Inc stake by 44,217 shares and now owns 2.18M shares. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable.

"Our people have stepped up to unlock low-priced latent capacity and achieve strong productivity gains across our tier one assets", BHP Chief Executive Andrew Mackenzie said in a statement. The 50 day moving average went up $3.53 or +9.85% whereas the 200 day average was up by +6.00%. The company has market cap of $100.43 billion.

COPYRIGHT VIOLATION NOTICE: "West Coast Financial LLC Cuts Stake in BHP Billiton Limited (NYSE:BHP)" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of U.S. & worldwide copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/07/19/investors-buy-high-volume-of-bhp-billiton-limited-call-options-bhp-updated.html. BHP Billiton Limited (ADR) had 49 analyst reports since July 22, 2015 according to SRatingsIntel. Zacks Investment Research raised BHP Billiton PLC from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a report on Wednesday, April 5th. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned "Buy" rating by Citigroup on Wednesday, January 13. Goldman Sachs Gp Incorporated holds 0% or 103,474 shares in its portfolio. Finally, Argus decreased their target price on BHP Billiton Limited from $46.00 to $34.00 and set a buy rating for the company in a research report on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. BHP Billiton Limited now has an average rating of "Hold" and an average target price of $34.81.


BHP Billiton Limited is a global resources company.

Turning to gas developments, BHP said that a US$314mn project to develop new fields at NWS's Greater Western Flank-B, in order to maintain LNG throughput at NWS LNG, is 47%-completed and on schedule to reach initial production in 2019.

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