Moody National Bank Trust Division Takes Position in BHP Billiton Limited (BHP)

Moody National Bank Trust Division bought a new stake in BHP Billiton Limited (NYSE:BHP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,225 shares of the mining company’s stock, valued at approximately $1,008,000.

A number of other institutional investors have also recently made changes to their positions in BHP. Fisher Asset Management LLC acquired a new stake in BHP Billiton in the 2nd quarter valued at approximately $273,754,000. Advisors Asset Management Inc. increased its position in shares of BHP Billiton by 686.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 720,043 shares of the mining company’s stock worth $4,553,000 after purchasing an additional 628,443 shares during the last quarter. CQS Cayman LP increased its position in shares of BHP Billiton by 191.8% during the 2nd quarter. CQS Cayman LP now owns 725,082 shares of the mining company’s stock worth $36,593,000 after purchasing an additional 476,568 shares during the last quarter. Voya Investment Management LLC increased its position in shares of BHP Billiton by 34.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,631,363 shares of the mining company’s stock worth $81,585,000 after purchasing an additional 419,757 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of BHP Billiton by 58.4% during the 2nd quarter. Jennison Associates LLC now owns 1,078,325 shares of the mining company’s stock worth $53,927,000 after purchasing an additional 397,628 shares during the last quarter. 3.32% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BHP opened at $48.06 on Monday. 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 twelve month low of $40.58 and a twelve month high of $52.62. The company has a market cap of $77.18 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.60 and a beta of 1.10.

Several research firms have weighed in on BHP. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. ValuEngine lowered BHP Billiton from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Finally, Deutsche Bank lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. BHP Billiton presently has a consensus rating of “Hold” and an average price target of $48.20.

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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Institutional Ownership by Quarter for BHP Billiton (NYSE:BHP)

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