BHP 3rd-quarter iron ore output up 8 pct, cuts forecast

Marco Green
April 19, 2018

ValuEngine lowered shares of BHP Billiton from a "buy" rating to a "hold" rating in a report on Monday, April 2nd. Sanford C. Bernstein reaffirmed a market perform rating on shares of BHP Billiton Limited in a research note on Saturday, January 14th. This is a positive change from BHP Billiton Limited's previous semiannual dividend of $0.32. The company presently has a consensus rating of Hold and a consensus price target of $40.20. Jane Street Group LLC now owns 85,871 shares of the mining company's stock worth $3,949,000 after purchasing an additional 92,376 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in BHP Billiton in the 4th quarter worth approximately $105,000. This represents a dividend yield of 4.23%. Trust Co. of Vermont now owns 4,278 shares of the mining company's stock worth $197,000 after buying an additional 1,161 shares in the last quarter. The ex-dividend date was Wednesday, March 8th. MML Investors Services LLC bought a new stake in shares of BHP Billiton during the 4th quarter valued at $345,000. BHP Billiton's payout ratio is 77.47%. Greenleaf Trust now owns 17,984 shares of the mining company's stock worth $827,000 after buying an additional 1,504 shares in the last quarter.

HSBC Holdings plc upgraded shares of BHP Billiton Limited (NYSE:BHP) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Finally, South Street Advisors LLC increased its position in BHP Billiton by 1.2% during the fourth quarter.

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BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company's logo at a round table meeting with journalists in Tokyo, Japan June 5, 2017.

Overall, the outcome of the global miner's third quarter production was balanced as lower iron ore output and eased guidance should be broadly offset by a slight pick up in third quarter copper production and upgraded guidance, said Sydney-based brokerage Shaw and Partners in a report.

The miner produced 6.12 million mt of thermal coal in the January-March quarter, falling 18% year on year and 16% from the October-December quarter, the company said. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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