Dimensional Fund Advisors LP lowered its stake in BHP Billiton plc (NYSE:BBL) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,854,701 shares of the mining company’s stock after selling 35,775 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.18% of BHP Billiton worth $65,749,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in BBL. Cambiar Investors LLC grew its position in shares of BHP Billiton by 4.3% in the third quarter. Cambiar Investors LLC now owns 5,423,369 shares of the mining company’s stock valued at $192,258,000 after purchasing an additional 222,160 shares during the last quarter. Polaris Capital Management LLC grew its position in shares of BHP Billiton by 15.2% in the second quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock valued at $127,291,000 after purchasing an additional 546,628 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of BHP Billiton by 7.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,780,367 shares of the mining company’s stock valued at $63,114,000 after purchasing an additional 129,665 shares during the last quarter. Cheyne Capital Management UK LLP acquired a new position in shares of BHP Billiton in the third quarter valued at approximately $1,068,000. Finally, Northern Trust Corp grew its position in shares of BHP Billiton by 20.9% in the second quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock valued at $47,145,000 after purchasing an additional 265,186 shares during the last quarter. 4.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BHP Billiton plc (NYSE BBL) opened at $45.28 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. BHP Billiton plc has a 12 month low of $28.73 and a 12 month high of $45.30.
Several equities analysts have recently commented on the company. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 target price on shares of BHP Billiton in a research report on Monday, January 8th. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.50.
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BHP Billiton 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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