Profund Advisors LLC Has $1.10 Million Position in BHP Billiton PLC (BBL)
Profund Advisors LLC raised its stake in shares of BHP Billiton PLC (NYSE:BBL) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,802 shares of the mining company’s stock after purchasing an additional 1,755 shares during the period. Profund Advisors LLC’s holdings in BHP Billiton PLC were worth $1,101,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in BBL. Morgan Stanley raised its position in BHP Billiton PLC by 33.9% during the 1st quarter. Morgan Stanley now owns 2,496,519 shares of the mining company’s stock worth $77,767,000 after purchasing an additional 631,725 shares during the last quarter. Bank of America Corp DE raised its position in BHP Billiton PLC by 53.3% during the 1st quarter. Bank of America Corp DE now owns 1,603,372 shares of the mining company’s stock worth $49,944,000 after purchasing an additional 557,149 shares during the last quarter. Marshall Wace North America L.P. bought a new position in BHP Billiton PLC during the 1st quarter worth $12,427,000. MARSHALL WACE ASIA Ltd bought a new position in BHP Billiton PLC during the 1st quarter worth $12,427,000. Finally, Cambiar Investors LLC raised its position in BHP Billiton PLC by 8.1% during the 2nd quarter. Cambiar Investors LLC now owns 5,201,209 shares of the mining company’s stock worth $159,989,000 after purchasing an additional 390,962 shares during the last quarter. 4.12% of the stock is owned by institutional investors and hedge funds.
BHP Billiton PLC (NYSE:BBL) opened at 36.51 on Thursday. The company has a market capitalization of $97.19 billion, a price-to-earnings ratio of 16.54 and a beta of 1.04. BHP Billiton PLC has a 12 month low of $27.46 and a 12 month high of $39.12. The company’s 50-day moving average price is $36.65 and its 200 day moving average price is $32.83.
The firm also recently declared a None dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th will be given a dividend of $0.86 per share. This represents a yield of 4.73%. This is a positive change from BHP Billiton PLC’s previous None dividend of $0.28. The ex-dividend date is Thursday, September 7th.
Several brokerages recently issued reports on BBL. BidaskClub raised BHP Billiton PLC from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine lowered BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Jefferies Group LLC set a $37.00 target price on BHP Billiton PLC and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised BHP Billiton PLC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $36.00.
About BHP Billiton PLC
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.
Receive News & Ratings for BHP Billiton PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton PLC and related companies with MarketBeat.com's FREE daily email newsletter.