BHP Billiton Limited (BHP) Holdings Lifted by Fmr LLC

Fmr LLC boosted its holdings in BHP Billiton Limited (NYSE:BHP) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,225,815 shares of the mining company’s stock after purchasing an additional 48,406 shares during the quarter. Fmr LLC’s holdings in BHP Billiton were worth $111,313,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of BHP Billiton by 10.7% during the first quarter. The Manufacturers Life Insurance Company now owns 25,462 shares of the mining company’s stock valued at $1,132,000 after buying an additional 2,457 shares during the last quarter. Suntrust Banks Inc. raised its position in BHP Billiton by 22.4% in the first quarter. Suntrust Banks Inc. now owns 6,820 shares of the mining company’s stock worth $301,000 after purchasing an additional 1,249 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new position in BHP Billiton in the second quarter worth about $602,000. Manning & Napier Group LLC acquired a new position in BHP Billiton in the second quarter worth about $7,270,000. Finally, Bank of Montreal Can acquired a new position in BHP Billiton in the second quarter worth about $8,858,000. Institutional investors and hedge funds own 3.32% of the company’s stock.

Several research analysts recently issued reports on BHP shares. ValuEngine lowered shares of BHP Billiton from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Finally, Deutsche Bank lowered shares of 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 assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $48.20.

NYSE:BHP opened at $48.16 on Friday. BHP Billiton Limited has a 12-month low of $40.58 and a 12-month high of $52.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24. The stock has a market capitalization of $77.20 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.

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

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