BHP Billiton Limited (NYSE:BHP) Traded 9.8% Above Its 50 Day Average

BHP Billiton Limited (NYSE:BHP) Traded 9.8% Above Its 50 Day Average

Capstone Asset Management Co. now owns 65,627 shares of the mining company's stock worth $2,044,000 after buying an additional 7,420 shares in the last quarter. Main Street Research LLC's holdings in BHP Billiton Limited were worth $8,805,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in BHP Billiton PLC during the fourth quarter worth $720,000. CENTRAL TRUST Co increased its position in BHP Billiton Limited by 1.5% in the second quarter. First Financial Corp IN now owns 10,887 shares of the mining company's stock valued at $387,000 after buying an additional 387 shares in the last quarter. The company's stock had a trading volume of 2,234,541 shares.

In April, BHP dismissed a push by managers at hedge fund Elliot Associates and Elliot International, which hold minor shares in the company, to split off its USA oil division in order to unlock tens of billions of US dollars in shareholder value. Millrace Asset Grp owns 66,681 shares for 1.63% of their portfolio. The company has market cap of $98.51 billion. BHP Billiton PLC has a 12-month low of $23.96 and a 12-month high of $37.44. The 50 day moving average went up $3.53 or +9.85% whereas the 200 day average was up by +6.00%. If you are reading this article on another domain, it was stolen and reposted in violation of USA and global copyright & trademark law. The legal version of this article can be accessed at

A number of research firms have commented on BHP. The stock of BHP Billiton plc (LON:BLT) has "Hold" rating given on Monday, August 15 by Deutsche Bank. Finally, Citigroup Inc. reissued a "buy" rating on shares of BHP Billiton PLC in a research note on Tuesday, April 11th.

Among 24 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 10 have Buy rating, 3 Sell and 11 Hold.

The extra spending on the division is an example of how BHP wants to prove the potential in its shale assets before selling them, amid calls from shareholders for the assets to be sold or demerged. Finally, Argus cut 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. The company now has an average rating of "Hold" and a consensus price target of $33.50. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.32% since July 19, 2016 and is uptrending.

BHP's iron ore output rose eight per cent in the June quarter, taking annual production to 231 million tonnes, up four per cent on the prior year. The Business's segments include Petroleum, Copper, Iron Ore and Coal.

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.