Jarislowsky Fraser Ltd cut its stake in BHP Billiton Limited (NYSE:BHP) by 96.3% during the second quarter, Holdings Channel reports. The institutional investor owned 23,471 shares of the mining company’s stock after selling 612,823 shares during the period. Jarislowsky Fraser Ltd’s holdings in BHP Billiton Limited were worth $835,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of BHP Billiton Limited by 30.9% in the fourth quarter. State Street Corp now owns 121,280 shares of the mining company’s stock valued at $4,339,000 after buying an additional 28,638 shares in the last quarter. Norges Bank purchased a new position in shares of BHP Billiton Limited during the fourth quarter valued at about $18,675,000. Quadrant Capital Group LLC boosted its position in shares of BHP Billiton Limited by 330.8% in the first quarter. Quadrant Capital Group LLC now owns 10,714 shares of the mining company’s stock valued at $381,000 after buying an additional 8,227 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of BHP Billiton Limited by 12.5% in the first quarter. Capstone Asset Management Co. now owns 124,132 shares of the mining company’s stock valued at $4,508,000 after buying an additional 13,770 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of BHP Billiton Limited during the first quarter valued at about $607,000. Hedge funds and other institutional investors own 2.99% of the company’s stock.
BHP Billiton Limited (NYSE:BHP) traded down 1.28% during mid-day trading on Thursday, reaching $39.30. 431,723 shares of the company traded hands. BHP Billiton Limited has a 12-month low of $28.02 and a 12-month high of $41.79. The firm has a market capitalization of $104.58 billion, a P/E ratio of 42.17 and a beta of 1.09. The company’s 50 day moving average price is $36.00 and its 200 day moving average price is $37.22.
Several research analysts have recently issued reports on BHP shares. HSBC Holdings plc upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating and cut their target price for the stock from $41.79 to $25.75 in a report on Wednesday, April 19th. Zacks Investment Research cut shares of BHP Billiton Limited from a “strong-buy” rating to a “hold” rating in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) cut shares of BHP Billiton Limited from a “neutral” rating to a “sell” rating in a report on Tuesday, April 25th. Citigroup Inc. upgraded shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a report on Wednesday, April 26th. Finally, Jefferies Group LLC cut shares of BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. BHP Billiton Limited currently has a consensus rating of “Hold” and a consensus price target of $33.96.
BHP Billiton Limited Company Profile
BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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