Ngam Advisors L.P. cut its position in shares of BHP Billiton Limited (NYSE:BHP) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,786 shares of the mining company’s stock after selling 2,112 shares during the period. Ngam Advisors L.P.’s holdings in BHP Billiton Limited were worth $7,619,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of BHP Billiton Limited during the fourth quarter worth approximately $4,063,000. Toronto Dominion Bank increased its position in shares of BHP Billiton Limited by 12.5% in the first quarter. Toronto Dominion Bank now owns 4,669 shares of the mining company’s stock worth $170,000 after buying an additional 519 shares during the last quarter. Vicus Capital increased its position in shares of BHP Billiton Limited by 110.5% in the first quarter. Vicus Capital now owns 77,786 shares of the mining company’s stock worth $2,825,000 after buying an additional 40,827 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of BHP Billiton Limited by 1.7% in the fourth quarter. First Republic Investment Management Inc. now owns 59,259 shares of the mining company’s stock worth $2,120,000 after buying an additional 1,010 shares during the last quarter. Finally, Conning Inc. bought a new position in shares of BHP Billiton Limited during the first quarter worth approximately $317,000. Institutional investors own 2.99% of the company’s stock.
BHP Billiton Limited (BHP) traded down 3.95% during trading on Tuesday, reaching $33.53. 2,764,450 shares of the company’s stock traded hands. The firm’s 50 day moving average is $35.35 and its 200 day moving average is $37.31. The company has a market cap of $89.22 billion, a P/E ratio of 35.98 and a beta of 1.12. BHP Billiton Limited has a 12 month low of $25.75 and a 12 month high of $41.79.
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BHP has been the topic of a number of recent analyst reports. HSBC Holdings plc raised BHP Billiton Limited from a “hold” rating to a “buy” rating and cut their price target for the company from $41.79 to $25.75 in a report on Wednesday, April 19th. Credit Suisse Group reaffirmed a “hold” rating on shares of BHP Billiton Limited in a report on Thursday, February 23rd. Zacks Investment Research cut 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 BHP Billiton Limited from a “neutral” rating to a “sell” rating in a report on Tuesday, April 25th. Finally, Investec raised BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. BHP Billiton Limited presently has an average rating of “Hold” and a consensus price target of $35.13.
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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