BHP Billiton Limited (BHP) Holdings Increased by HighTower Advisors LLC

HighTower Advisors LLC raised its position in BHP Billiton Limited (NYSE:BHP) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,330 shares of the mining company’s stock after acquiring an additional 4,182 shares during the quarter. HighTower Advisors LLC’s holdings in BHP Billiton Limited were worth $2,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. CI Investments Inc. lifted its stake in BHP Billiton Limited by 5.8% in the second quarter. CI Investments Inc. now owns 2,168,350 shares of the mining company’s stock valued at $77,172,000 after acquiring an additional 119,700 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in BHP Billiton Limited by 7.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,190,387 shares of the mining company’s stock valued at $42,366,000 after acquiring an additional 79,581 shares during the last quarter. LMR Partners LLP lifted its stake in BHP Billiton Limited by 38.6% in the second quarter. LMR Partners LLP now owns 967,223 shares of the mining company’s stock valued at $34,622,000 after acquiring an additional 269,303 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in BHP Billiton Limited by 12.9% in the second quarter. Tocqueville Asset Management L.P. now owns 945,602 shares of the mining company’s stock valued at $33,654,000 after acquiring an additional 107,948 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in BHP Billiton Limited by 1.8% in the first quarter. Lazard Asset Management LLC now owns 695,345 shares of the mining company’s stock valued at $25,254,000 after acquiring an additional 12,511 shares during the last quarter. Hedge funds and other institutional investors own 2.98% of the company’s stock.

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BHP has been the subject of a number of recent analyst reports. Argus cut their price target on shares of BHP Billiton Limited from $46.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, June 27th. BidaskClub upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Deutsche Bank AG upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Cowen and Company set a $43.00 price target on shares of BHP Billiton Limited and gave the company a “hold” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.61.

BHP Billiton Limited (NYSE:BHP) opened at 41.34 on Friday. The company’s 50-day moving average is $42.14 and its 200-day moving average is $38.26. The company has a market capitalization of $110.04 billion, a price-to-earnings ratio of 18.72 and a beta of 1.09. BHP Billiton Limited has a 52-week low of $33.31 and a 52-week high of $44.62.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, September 7th. This is an increase from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. This represents a yield of 4.04%.

BHP Billiton Limited Profile

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

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