Bristol Advisors LLC lessened its holdings in BHP Billiton Limited (NYSE:BHP) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,900 shares of the mining company’s stock after selling 3,800 shares during the quarter. Bristol Advisors LLC’s holdings in BHP Billiton were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Sawyer & Company Inc purchased a new position in BHP Billiton in the 4th quarter worth $350,000. Atlantic Trust Group LLC purchased a new position in BHP Billiton in the 3rd quarter worth $3,918,000. Parametric Portfolio Associates LLC raised its position in BHP Billiton by 12.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,329,420 shares of the mining company’s stock worth $53,881,000 after purchasing an additional 146,127 shares during the period. Chicago Partners Investment Group LLC raised its position in BHP Billiton by 934.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,319 shares of the mining company’s stock worth $256,000 after purchasing an additional 5,708 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in BHP Billiton in the 3rd quarter worth $733,000. Institutional investors own 3.26% of the company’s stock.
A number of equities analysts recently commented on BHP shares. Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday. ValuEngine cut shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Cowen boosted their price objective on shares of BHP Billiton from $45.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of BHP Billiton from an “underweight” rating to a “neutral” rating in a research report on Thursday, December 14th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.66.
Shares of BHP Billiton Limited (NYSE:BHP) traded up $0.80 on Friday, hitting $49.67. 4,186,400 shares of the stock were exchanged, compared to its average volume of 2,544,825. The company has a market cap of $126,030.00, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 3.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53. BHP Billiton Limited has a 52-week low of $33.37 and a 52-week high of $49.81.
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About BHP Billiton
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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