Canal Insurance CO continued to hold its stake in shares of BHP Billiton Limited (NYSE:BHP) during the second quarter, Holdings Channel reports. The fund owned 40,000 shares of the mining company’s stock at the end of the second quarter. Canal Insurance CO’s holdings in BHP Billiton Limited were worth $1,424,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in BHP. Huntington National Bank raised its stake in shares of BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock valued at $101,000 after buying an additional 572 shares during the period. Proficio Capital Partners LLC raised its stake in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock valued at $114,000 after buying an additional 1,727 shares during the period. Fifth Third Bancorp raised its stake in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock valued at $121,000 after buying an additional 426 shares during the period. Bollard Group LLC raised its stake in shares of BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock valued at $127,000 after buying an additional 2,349 shares during the period. Finally, V Wealth Management LLC acquired a new stake in shares of BHP Billiton Limited during the second quarter valued at about $133,000. 2.90% of the stock is currently owned by hedge funds and other institutional investors.
BHP Billiton Limited (BHP) opened at 40.40 on Friday. BHP Billiton Limited has a 12 month low of $29.30 and a 12 month high of $42.00. The company’s 50-day moving average is $39.65 and its 200 day moving average is $37.45. The firm has a market cap of $107.50 billion, a P/E ratio of 43.35 and a beta of 1.12.
BHP has been the topic of several analyst reports. BidaskClub raised shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Deutsche Bank AG raised shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Argus lowered their price target on shares of BHP Billiton Limited from $46.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, June 27th. Citigroup Inc. raised shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a report on Wednesday, April 26th. Finally, UBS AG raised shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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.
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