Russell Investments Group Ltd. increased its stake in shares of BHP Billiton plc (NYSE:BBL) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 670,837 shares of the mining company’s stock after acquiring an additional 17,730 shares during the period. Russell Investments Group Ltd. owned about 0.06% of BHP Billiton worth $29,503,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in BHP Billiton during the second quarter worth about $112,000. Commerzbank Aktiengesellschaft FI bought a new stake in BHP Billiton during the second quarter worth about $203,000. Advisor Partners LLC bought a new stake in BHP Billiton during the second quarter worth about $205,000. NumerixS Investment Technologies Inc raised its stake in BHP Billiton by 1,400.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the mining company’s stock valued at $269,000 after buying an additional 5,600 shares during the period. Finally, Lourd Capital LLC bought a new stake in BHP Billiton in the third quarter valued at approximately $271,000. Institutional investors and hedge funds own 4.16% of the company’s stock.
NYSE:BBL opened at $41.91 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.51. The company has a market capitalization of $42.50 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11. BHP Billiton plc has a 12-month low of $35.50 and a 12-month high of $47.92.
Several analysts have issued reports on BBL shares. Zacks Investment Research lowered BHP Billiton from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 6th. ValuEngine lowered BHP Billiton from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Morgan Stanley lowered BHP Billiton from an “overweight” rating to an “equal” rating in a research note on Tuesday, September 25th. Finally, Investec upgraded BHP Billiton from a “hold” rating to a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $42.50.
About BHP Billiton
BHP Billiton Plc, together with its subsidiaries, 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 ores, as well as metallurgical coal, energy coal, and oil and gas.
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