Oppenheimer & Co. Inc. Decreases Position in BHP Billiton Limited (BHP)
Oppenheimer & Co. Inc. decreased its position in shares of BHP Billiton Limited (NYSE:BHP) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,699 shares of the mining company’s stock after selling 229 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BHP Billiton Limited were worth $416,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Independence Advisors LLC acquired a new stake in shares of BHP Billiton Limited during the second quarter worth about $246,000. Huntington National Bank lifted its holdings in shares of BHP Billiton Limited by 25.3% during the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock worth $101,000 after purchasing an additional 572 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of BHP Billiton Limited by 122.8% during the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock worth $114,000 after purchasing an additional 1,727 shares during the period. Fifth Third Bancorp lifted its holdings in shares of BHP Billiton Limited by 14.6% during the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after purchasing an additional 426 shares during the period. Finally, V Wealth Management LLC acquired a new stake in shares of BHP Billiton Limited during the second quarter worth about $133,000. 2.98% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on BHP. Zacks Investment Research downgraded BHP Billiton Limited from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Citigroup Inc. downgraded BHP Billiton Limited from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $41.79 to $28.02 in a report on Wednesday, July 19th. Exane BNP Paribas downgraded BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a report on Thursday, September 7th. Raymond James Financial, Inc. downgraded BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a report on Friday, September 1st. Finally, Cowen and Company set a $43.00 target price on BHP Billiton Limited and gave the stock a “hold” rating in a report on Thursday, August 24th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.67.
BHP Billiton Limited (NYSE:BHP) opened at 41.82 on Friday. BHP Billiton Limited has a one year low of $30.42 and a one year high of $44.62. The firm has a 50-day moving average price of $42.04 and a 200-day moving average price of $37.86. The firm has a market capitalization of $111.32 billion, a P/E ratio of 18.94 and a beta of 1.12.
The business also recently disclosed a Semi-Annual 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 4.04%. This is a boost from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. The ex-dividend date is Thursday, September 7th.
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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