PNC Financial Services Group Inc. lifted its holdings in shares of BHP Billiton Limited (NYSE:BHP) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,800 shares of the mining company’s stock after purchasing an additional 10,537 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BHP Billiton were worth $3,130,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in BHP Billiton by 16.2% in the third quarter. Bank of New York Mellon Corp now owns 112,795 shares of the mining company’s stock valued at $5,622,000 after purchasing an additional 15,757 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in BHP Billiton by 20.9% in the third quarter. Crossmark Global Holdings Inc. now owns 119,551 shares of the mining company’s stock valued at $5,958,000 after purchasing an additional 20,667 shares in the last quarter. Jennison Associates LLC grew its stake in BHP Billiton by 38.8% in the third quarter. Jennison Associates LLC now owns 1,496,369 shares of the mining company’s stock valued at $74,579,000 after purchasing an additional 418,044 shares in the last quarter. Stelac Advisory Services LLC bought a new position in BHP Billiton in the third quarter valued at approximately $112,000. Finally, Bollard Group LLC grew its stake in BHP Billiton by 59.4% in the third quarter. Bollard Group LLC now owns 35,641 shares of the mining company’s stock valued at $1,776,000 after purchasing an additional 13,283 shares in the last quarter. 3.41% of the stock is currently owned by institutional investors.
Shares of NYSE BHP opened at $44.58 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. BHP Billiton Limited has a 12 month low of $41.03 and a 12 month high of $52.62.
BHP has been the subject of several research analyst reports. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, November 22nd. JPMorgan Chase & Co. downgraded BHP Billiton from an “overweight” rating to a “neutral” rating in a research note on Thursday. ValuEngine downgraded BHP Billiton from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Deutsche Bank downgraded BHP Billiton from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.00.
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BHP Billiton Profile
BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ore, as well as metallurgical and energy coal, and oil and gas properties.
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