Wedbush Securities Inc. reduced its position in BHP Billiton Limited (NYSE:BHP) by 12.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,141 shares of the mining company’s stock after selling 1,675 shares during the period. Wedbush Securities Inc.’s holdings in BHP Billiton were worth $605,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC bought a new stake in shares of BHP Billiton in the third quarter valued at about $112,000. Reilly Financial Advisors LLC raised its holdings in shares of BHP Billiton by 145.3% in the third quarter. Reilly Financial Advisors LLC now owns 2,625 shares of the mining company’s stock valued at $131,000 after acquiring an additional 1,555 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of BHP Billiton in the third quarter valued at about $134,000. Almanack Investment Partners LLC. bought a new stake in shares of BHP Billiton in the third quarter valued at about $185,000. Finally, Burney Co. bought a new stake in shares of BHP Billiton in the second quarter valued at about $209,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.
BHP has been the subject of several recent research reports. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Tuesday, September 25th. ValuEngine upgraded BHP Billiton from a “sell” rating to a “hold” rating in a report on Friday, September 14th. JPMorgan Chase & Co. downgraded BHP Billiton from an “overweight” rating to a “neutral” rating in a report on Thursday. Finally, Deutsche Bank downgraded BHP Billiton from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. BHP Billiton currently has a consensus rating of “Hold” and an average price target of $48.00.
Shares of BHP Billiton stock opened at $44.58 on Friday. The stock has a market capitalization of $72.06 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 2.29 and a beta of 1.12. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40. BHP Billiton Limited has a one year low of $41.03 and a one year high of $52.62.
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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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