20 July, 2017
Billionaire Paul Singer's Elliott has called on BHP to review the status of the $22.5 billion oil division and consider a spinoff of USA assets, while other investors have pressed the producer to divest its shale operations.
Among 2 analysts covering BHP Billiton (NYSE:BBL), 1 have Buy rating, 0 Sell and 1 Hold. Finally, Citigroup Inc. reissued a "buy" rating on shares of BHP Billiton PLC in a report on Tuesday, April 11th.
BHP Billiton plc (LON:BLT)'s stock had its "not rated" rating reaffirmed by Shore Capital in a research note issued on Wednesday. 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 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.
Goldman Sachs rates the stock neutral with a price target of AUD22.50 a share. BHP Billiton plc (ADR) (NYSE:BBL) has risen 31.15% since July 19, 2016 and is uptrending. BHP Billiton forecast iron ore production of between 239 million tonnes and 243 million tonnes in the 2018 financial year. Cqs Cayman Lp who had been investing in Bhp Billiton Ltd for a number of months, seems to be bullish on the $99.16B market cap company. The company has a 50 day moving average of $35.90 and a 200 day moving average of $37.20.
Govt brings forward rise in state pension age
In his foreword to the government's report, published today, Gauke said the change would save £74bn (€83.6bn) by 2045-46. "This effectively gives the nation a clear expectation of where the State Pension Age is going for decades to come".
Mayawati quits Rajya Sabha, says she was muzzled
She focussed on the Saharanpur incident, stating that the Dalits were not permitted to take out a procession on April 14. Mayawati walks out of the House and threatens to resign from the Rajya Sabha amid ruckus in the House.
China says trade with North Korea rose 10.5pc in first half
Huang said the price fluctuation of commodities could also potentially boost the trade figure as measured by value. Imports have fallen since March, when they declined 36.5 percent, he said.
COPYRIGHT VIOLATION NOTICE: This news story was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & global copyright laws. The correct version of this story can be read at https://www.themarketsdaily.com/2017/07/18/main-street-research-llc-has-8-81-million-stake-in-bhp-billiton-limited-bhp.html. V Wealth Management LLC bought a new position in BHP Billiton Limited during the second quarter worth $133,000. Conning Inc. acquired a new position in BHP Billiton Limited during the first quarter worth approximately $317,000. Integrated Investment Consultants LLC now owns 4,292 shares of the mining company's stock worth $134,000 after buying an additional 1,147 shares in the last quarter. BB&T Corp boosted its stake in BHP Billiton PLC by 77.0% in the first quarter. The company had a trading volume of 6,263,110 shares.
Hedge funds and other institutional investors have recently made changes to their positions in the stock.
US oil field development extends into 2018 on the back of increased spending, but total petroleum production falters on field maturation, BHP Billiton said.
In its latest production update, the FTSE 100-listed group said its Australian mines produced 70mln tonnes of iron ore in the final quarter of fiscal 2017, sending annual output to 268mln tonnes against guidance of 268mln-272mln tonnes.
Superior Energy Services, Inc. provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas.