West Coast Financial LLC Has $234,000 Stake in BHP Billiton Limited (NYSE:BHP)

West Coast Financial LLC cut its position in BHP Billiton Limited (NYSE:BHP) by 18.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,570 shares of the mining company’s stock after selling 1,460 shares during the period. West Coast Financial LLC’s holdings in BHP Billiton Limited were worth $234,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Main Street Research LLC increased its stake in shares of BHP Billiton Limited by 5.3% in the second quarter. Main Street Research LLC now owns 247,415 shares of the mining company’s stock valued at $8,805,000 after buying an additional 12,560 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of BHP Billiton Limited during the second quarter worth $133,000. CENTRAL TRUST Co raised its stake in shares of BHP Billiton Limited by 1.5% in the second quarter. CENTRAL TRUST Co now owns 5,668 shares of the mining company’s stock worth $201,000 after buying an additional 85 shares during the period. First Financial Corp IN raised its stake in shares of BHP Billiton Limited by 3.7% in the second quarter. First Financial Corp IN now owns 10,887 shares of the mining company’s stock worth $387,000 after buying an additional 387 shares during the period. Finally, Narwhal Capital Management raised its stake in shares of BHP Billiton Limited by 3.4% in the second quarter. Narwhal Capital Management now owns 30,190 shares of the mining company’s stock worth $1,074,000 after buying an additional 1,000 shares during the period. Institutional investors own 2.95% of the company’s stock.

BHP Billiton Limited (BHP) traded up 0.83% during mid-day trading on Friday, hitting $41.14. The stock had a trading volume of 1,985,918 shares. The stock has a 50 day moving average of $36.96 and a 200-day moving average of $37.36. BHP Billiton Limited has a 1-year low of $28.77 and a 1-year high of $41.79. The firm has a market cap of $109.47 billion, a P/E ratio of 44.14 and a beta of 1.09.

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BHP has been the subject of a number of recent analyst reports. BidaskClub upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. HSBC Holdings plc upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating and decreased their target price for the stock from $41.79 to $25.75 in a research report on Wednesday, April 19th. Citigroup Inc. upgraded BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 26th. Sanford C. Bernstein upgraded BHP Billiton Limited from a “market perform” rating to an “outperform” rating and set a $44.88 target price for the company in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Finally, Goldman Sachs Group, Inc. (The) lowered BHP Billiton Limited from a “neutral” rating to a “sell” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. BHP Billiton Limited currently has an average rating of “Hold” and an average target price of $34.24.

About BHP Billiton Limited

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.