UBS Oconnor LLC Has $10.17 Million Position in BHP Billiton PLC (BBL)
UBS Oconnor LLC lessened its stake in shares of BHP Billiton PLC (NYSE:BBL) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,591 shares of the mining company’s stock after selling 55,350 shares during the period. UBS Oconnor LLC’s holdings in BHP Billiton PLC were worth $10,169,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Cowen Inc. bought a new position in BHP Billiton PLC during the 2nd quarter valued at approximately $2,442,000. Leucadia National Corp increased its position in BHP Billiton PLC by 38.3% during the 2nd quarter. Leucadia National Corp now owns 300,601 shares of the mining company’s stock valued at $9,246,000 after buying an additional 83,201 shares in the last quarter. JPMorgan Chase & Co. increased its position in BHP Billiton PLC by 68,636.4% during the 1st quarter. JPMorgan Chase & Co. now owns 151,220 shares of the mining company’s stock valued at $4,711,000 after buying an additional 151,000 shares in the last quarter. BB&T Securities LLC increased its position in BHP Billiton PLC by 10.0% during the 2nd quarter. BB&T Securities LLC now owns 29,583 shares of the mining company’s stock valued at $909,000 after buying an additional 2,687 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in BHP Billiton PLC during the 2nd quarter valued at approximately $1,391,000. 4.12% of the stock is owned by institutional investors.
BHP Billiton PLC (BBL) traded up 0.14% during mid-day trading on Friday, hitting $35.45. The company’s stock had a trading volume of 1,229,030 shares. BHP Billiton PLC has a 12-month low of $28.04 and a 12-month high of $39.12. The company has a market cap of $94.36 billion, a P/E ratio of 16.06 and a beta of 1.04. The firm’s 50-day moving average is $36.65 and its 200-day moving average is $32.83.
The firm also recently declared a None dividend, which was paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th were given 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 PLC’s previous None dividend of $0.28. This represents a dividend yield of 4.73%.
BBL has been the subject of a number of analyst reports. ValuEngine lowered BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC lowered BHP Billiton PLC to a “hold” rating and set a $32.00 price objective for the company. in a research report on Thursday, June 8th. BidaskClub raised BHP Billiton PLC from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research raised BHP Billiton PLC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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.
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