BHP Billiton share price steady as investors eye full-year results

Gladys Abbott
August 22, 2017

Investors, analysts and BHP insiders will be watching closely over coming days to see how the activist investor Elliott Management, which has campaigned loudly for an overhaul of BHP, reacts to the profit result. Hourglass Capital LLC now owns 138,310 shares of the mining company's stock valued at $4,922,000 after buying an additional 3,100 shares in the last quarter. Jennison Associates LLC now owns 676,737 shares of the mining company's stock valued at $24,085,000 after buying an additional 11,601 shares in the last quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company's stock valued at $121,000 after buying an additional 426 shares in the last quarter.

Other hedge funds have also recently modified their holdings of the company. The company has a market cap of $107.50 billion, a P/E ratio of 43.35 and a beta of 1.12. The firm has a 50-day moving average of $39.65 and a 200 day moving average of $37.45. Tocqueville Asset Management L.P. boosted its position in shares of BHP Billiton Limited by 8.2% in the first quarter. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of USA and global trademark and copyright legislation.

BHP tripled its final dividend to $0.43 a share, also below expectations, but pleased shareholders with a focus on reducing net debt, which was cut by almost $10 billion.

Resources giant BHP Billiton is set to post a resounding return to full-year profitability on Tuesday, helped by stronger commodity prices during the period.

BHP's share price has climbed strongly over the past two months, from a year-to-date low of $22.10 on 21 June. Finally, Deutsche Bank AG raised shares of BHP Billiton Limited from a "hold" rating to a "buy" rating in a research report on Wednesday, July 5th.

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According to a Bloomberg review of analysts' recommendations on the stock, nine have either a buy or outperform rating on BHP, with a further nine having a hold, or neutral rating on it.

Fat Prophets' David Lennox discusses his outlook for BHP and the company's stake in US oil shale assets.

Receive BHP Billiton plc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton plc with MarketBeat.com's FREE daily email newsletter. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium.

BHP, on average, lifted the price it got for iron ore by 32% over the year. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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