Activist Investor Elliott Management Pushes For Changes At BHP

Media stories about BHP Billiton Limited (NYSE:BHP) have been trending somewhat positive this week, AlphaOne Sentiment reports. Macquarie have set a target price of 1500 GBX on its stock. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. BHP Billiton Limited earned a daily sentiment score of 0.21 on AlphaOne's scale.

A number of other research analysts have also issued reports on the stock. Morgan Stanley reaffirmed a "buy" rating on shares of BHP Billiton Limited in a report on Saturday, January 21st.

Shares in BHP Billiton PLC have risen as high as 1518.5 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 786.4.

Mackenzie, whose previous experience included working at oil major BP (BP.L), has said it is the wrong time for BHP to sell its USA petroleum assets, given oil prices are still relatively low at about $52 per barrel LCOc1.

About 30,802 shares traded. The stock had a trading volume of 9,186,260 shares. $33.67's average target is -6.11% below currents $35.86 stock price. The firm has a market cap of $96.04 billion, a PE ratio of 38.72 and a beta of 1.22.

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Several brokerages have recently commented on BHP.

Michael Hintze decreased its stake in Bhp Billiton Ltd (NYSE:BHP) by 65.1% based on its latest 2017Q1 regulatory filing with the SEC. Norges Bank acquired a new position in shares of BHP Billiton Limited during the fourth quarter valued at approximately $18,675,000.

BHP CEO addresses investors on plans at conference. "Our assessment is that the tax benefits and the aggressive marketing margins which BHP was seeking in using this structure are unsustainable", said Elliott.

It became BHP Billiton in a merger with the South African company that bore that name in 2001.

In recent years, the company has consolidated its portfolio of assets and sought to simplify its structure around iron ore, oil and gas, copper, and coal.

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