Leucadia National Corp acquired a new stake in BHP Billiton PLC (NYSE:BBL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 217,400 shares of the mining company’s stock, valued at approximately $6,772,000. BHP Billiton PLC comprises approximately 0.6% of Leucadia National Corp’s investment portfolio, making the stock its 17th largest position.
Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC boosted its stake in BHP Billiton PLC by 36.5% in the first quarter. Integrated Investment Consultants LLC now owns 4,292 shares of the mining company’s stock valued at $134,000 after buying an additional 1,147 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in BHP Billiton PLC during the fourth quarter valued at approximately $218,000. Cypress Wealth Advisors LLC raised its position in BHP Billiton PLC by 4.2% in the fourth quarter. Cypress Wealth Advisors LLC now owns 6,100 shares of the mining company’s stock valued at $218,000 after buying an additional 246 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of BHP Billiton PLC during the fourth quarter worth about $244,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock worth $245,000 after buying an additional 1,678 shares during the period. Institutional investors and hedge funds own 4.39% of the company’s stock.
Shares of BHP Billiton PLC (NYSE:BBL) traded down 3.8232% during midday trading on Tuesday, hitting $28.8242. 1,826,952 shares of the stock traded hands. The company’s 50 day moving average price is $30.54 and its 200-day moving average price is $32.49. The stock has a market cap of $76.70 billion, a price-to-earnings ratio of 30.9273 and a beta of 1.06. BHP Billiton PLC has a 12-month low of $22.39 and a 12-month high of $37.44.
BBL has been the topic of a number of research reports. Zacks Investment Research raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, April 5th. Jefferies Group LLC set a $37.00 target price on shares of BHP Billiton PLC and gave the stock a “buy” rating in a report on Friday, May 19th. Citigroup Inc. reissued a “buy” rating on shares of BHP Billiton PLC in a report on Tuesday, April 11th. Finally, ValuEngine lowered shares of BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.50.
BHP Billiton PLC Company Profile
BHP Billiton Plc 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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