Benedict Financial Advisors Inc. held its position in shares of BHP Billiton Limited (NYSE:BHP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,778 shares of the mining company’s stock at the end of the second quarter. Benedict Financial Advisors Inc.’s holdings in BHP Billiton Limited were worth $263,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Scout Investments Inc. increased its position in BHP Billiton Limited by 186.0% in the first quarter. Scout Investments Inc. now owns 1,153,905 shares of the mining company’s stock valued at $29,886,000 after buying an additional 750,402 shares in the last quarter. LMR Partners LLP bought a new position in BHP Billiton Limited during the first quarter valued at approximately $25,600,000. Karp Capital Management Corp bought a new position in BHP Billiton Limited during the first quarter valued at approximately $21,553,000. MAVEN SECURITIES Ltd bought a new position in BHP Billiton Limited during the first quarter valued at approximately $19,332,000. Finally, Norges Bank bought a new position in BHP Billiton Limited during the fourth quarter valued at approximately $18,675,000. Institutional investors and hedge funds own 2.98% of the company’s stock.
BHP Billiton Limited (NYSE:BHP) traded up 1.89% on Monday, hitting $41.99. 1,930,128 shares of the stock were exchanged. The company has a 50-day moving average price of $37.31 and a 200-day moving average price of $37.36. The firm has a market cap of $111.74 billion, a PE ratio of 45.05 and a beta of 1.12. BHP Billiton Limited has a 52-week low of $28.97 and a 52-week high of $42.00.
BHP has been the topic of several research reports. HSBC Holdings plc upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating and decreased their price objective for the company from $41.79 to $25.75 in a report on Wednesday, April 19th. Zacks Investment Research downgraded 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) downgraded 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 downgraded shares of BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.24.
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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