Wells Fargo & Company MN increased its stake in shares of BHP Billiton PLC (NYSE:BBL) by 53.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 536,231 shares of the mining company’s stock after buying an additional 187,205 shares during the period. Wells Fargo & Company MN’s holdings in BHP Billiton PLC were worth $16,704,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in BHP Billiton PLC by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,135,218 shares of the mining company’s stock valued at $67,174,000 after buying an additional 37,275 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of BHP Billiton PLC by 8.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,073,112 shares of the mining company’s stock valued at $64,577,000 after buying an additional 159,800 shares in the last quarter. Elliott Management Corp boosted its stake in shares of BHP Billiton PLC by 157.5% in the fourth quarter. Elliott Management Corp now owns 2,010,151 shares of the mining company’s stock valued at $63,239,000 after buying an additional 1,229,400 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of BHP Billiton PLC during the third quarter valued at $48,152,000. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of BHP Billiton PLC by 2.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,533,402 shares of the mining company’s stock valued at $48,241,000 after buying an additional 43,300 shares in the last quarter. Hedge funds and other institutional investors own 4.39% of the company’s stock.

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

BHP Billiton PLC (NYSE:BBL) opened at 29.85 on Friday. The firm has a 50-day moving average of $30.56 and a 200-day moving average of $32.52. BHP Billiton PLC has a one year low of $22.39 and a one year high of $37.44. The company has a market capitalization of $79.43 billion, a P/E ratio of 32.03 and a beta of 1.06.

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A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, April 17th. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 15th. Jefferies Group LLC lowered shares of BHP Billiton PLC to a “hold” rating and set a $32.00 target price for the company. in a research note on Thursday, June 8th. Finally, ValuEngine lowered shares of BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. BHP Billiton PLC has a consensus rating of “Hold” and an average price target of $33.50.

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.

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