Two Sigma Investments LP trimmed its stake in shares of BHP Billiton plc (NYSE:BBL) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,315 shares of the mining company’s stock after selling 229,041 shares during the quarter. Two Sigma Investments LP owned 0.08% of BHP Billiton worth $33,462,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Group One Trading L.P. grew its stake in BHP Billiton by 668.8% during the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock worth $109,000 after purchasing an additional 2,675 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in BHP Billiton during the 4th quarter worth $138,000. Premia Global Advisors LLC acquired a new position in BHP Billiton during the 4th quarter worth $221,000. Commonwealth Equity Services Inc acquired a new position in BHP Billiton during the 3rd quarter worth $217,000. Finally, MML Investors Services LLC acquired a new position in BHP Billiton during the 4th quarter worth $345,000. 4.13% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on BBL. Zacks Investment Research cut BHP Billiton from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Jefferies Group reissued a “hold” rating and set a $40.00 target price on shares of BHP Billiton in a research note on Monday, January 8th. Deutsche Bank downgraded BHP Billiton from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of BHP Billiton in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.00.
The firm also recently declared a None dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Friday, March 9th will be issued a dividend of $1.10 per share. This represents a yield of 5.31%. This is an increase from BHP Billiton’s previous None dividend of $0.86. The ex-dividend date is Thursday, March 8th.
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About BHP Billiton
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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