Carret Asset Management LLC reduced its stake in BHP Billiton Limited (NYSE:BHP) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,990 shares of the mining company’s stock after selling 3,520 shares during the quarter. Carret Asset Management LLC’s holdings in BHP Billiton were worth $283,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of BHP Billiton by 13.5% during the 2nd quarter. US Bancorp DE now owns 22,182 shares of the mining company’s stock worth $790,000 after purchasing an additional 2,641 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in BHP Billiton by 2.5% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 18,005 shares of the mining company’s stock valued at $641,000 after acquiring an additional 435 shares during the period. Davis Rea Ltd. boosted its holdings in BHP Billiton by 2.2% during the 2nd quarter. Davis Rea Ltd. now owns 34,161 shares of the mining company’s stock valued at $1,216,000 after acquiring an additional 735 shares during the period. Advisors Asset Management Inc. boosted its holdings in BHP Billiton by 7.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 83,263 shares of the mining company’s stock valued at $2,963,000 after acquiring an additional 5,469 shares during the period. Finally, LMR Partners LLP boosted its holdings in BHP Billiton by 38.6% during the 2nd 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 period. Institutional investors own 3.27% of the company’s stock.

A number of equities analysts recently commented on BHP shares. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, October 18th. BNP Paribas cut BHP Billiton from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 6th. ValuEngine cut BHP Billiton from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Royal Bank Of Canada cut BHP Billiton from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 31st. They noted that the move was a valuation call. Finally, BidaskClub raised BHP Billiton from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.52.

Shares of BHP Billiton Limited (BHP) opened at $41.11 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. BHP Billiton Limited has a 12-month low of $33.37 and a 12-month high of $44.62.

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BHP Billiton Company 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.

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

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