CORDA Investment Management LLC. reduced its stake in shares of BHP Billiton PLC (NYSE:BBL) by 7.1% during the third quarter, Holdings Channel reports. The institutional investor owned 549,600 shares of the mining company’s stock after selling 41,895 shares during the period. BHP Billiton PLC accounts for approximately 2.7% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 17th largest position. CORDA Investment Management LLC.’s holdings in BHP Billiton PLC were worth $16,520,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Wright Investors Service Inc. boosted its stake in BHP Billiton PLC by 130.4% in the second quarter. Wright Investors Service Inc. now owns 77,670 shares of the mining company’s stock valued at $1,971,000 after buying an additional 43,955 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of BHP Billiton PLC during the second quarter worth approximately $1,680,000. Polaris Capital Management LLC raised its position in shares of BHP Billiton PLC by 15.8% in the second quarter. Polaris Capital Management LLC now owns 4,034,548 shares of the mining company’s stock worth $102,397,000 after buying an additional 549,800 shares during the last quarter. Airain ltd purchased a new position in shares of BHP Billiton PLC during the second quarter worth approximately $434,000. Finally, Ameriprise Financial Inc. raised its position in shares of BHP Billiton PLC by 28.6% in the second quarter. Ameriprise Financial Inc. now owns 146,401 shares of the mining company’s stock worth $3,716,000 after buying an additional 32,593 shares during the last quarter. 3.89% of the stock is owned by institutional investors.
Shares of BHP Billiton PLC (NYSE:BBL) opened at 34.47 on Monday. The firm’s market capitalization is $91.73 billion. The stock has a 50 day moving average price of $34.48 and a 200-day moving average price of $30.84. BHP Billiton PLC has a 52 week low of $19.06 and a 52 week high of $37.44.
BBL has been the subject of a number of recent research reports. J P Morgan Chase & Co restated a “sell” rating on shares of BHP Billiton PLC in a research note on Friday, January 6th. Zacks Investment Research lowered BHP Billiton PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Citigroup Inc. restated a “buy” rating on shares of BHP Billiton PLC in a research note on Thursday, January 26th. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of BHP Billiton PLC in a research note on Sunday, October 16th. Finally, Barclays PLC restated an “equal weight” rating on shares of BHP Billiton PLC in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $39.50.
BHP Billiton PLC Company 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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