BHP Billiton plc (BBL) Holdings Reduced by Cowen Inc.
Cowen Inc. trimmed its position in shares of BHP Billiton plc (NYSE:BBL) by 46.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,389 shares of the mining company’s stock after selling 37,000 shares during the quarter. Cowen Inc.’s holdings in BHP Billiton were worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Griffin Asset Management Inc. purchased a new position in BHP Billiton during the third quarter worth $383,000. FNY Partners Fund LP purchased a new position in BHP Billiton during the fourth quarter worth $765,000. Stifel Financial Corp boosted its stake in BHP Billiton by 99.0% during the third quarter. Stifel Financial Corp now owns 44,578 shares of the mining company’s stock worth $1,584,000 after buying an additional 22,174 shares during the period. Aperio Group LLC boosted its stake in BHP Billiton by 20.3% during the third quarter. Aperio Group LLC now owns 20,345 shares of the mining company’s stock worth $721,000 after buying an additional 3,431 shares during the period. Finally, Boothbay Fund Management LLC boosted its stake in BHP Billiton by 314.5% during the third quarter. Boothbay Fund Management LLC now owns 33,159 shares of the mining company’s stock worth $1,175,000 after buying an additional 25,159 shares during the period. 4.13% of the stock is owned by institutional investors.
Several research analysts have commented on BBL shares. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of BHP Billiton in a research note on Monday, January 8th. Citigroup reaffirmed a “neutral” rating on shares of BHP Billiton in a research note on Wednesday, February 21st. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Deutsche Bank lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BHP Billiton presently has a consensus rating of “Hold” and an average price target of $45.00.
The business also recently announced a None dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Friday, March 9th will be paid a dividend of $1.10 per share. This is a positive change from BHP Billiton’s previous None dividend of $0.86. This represents a dividend yield of 5.31%. The ex-dividend date of this dividend is Thursday, March 8th.
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BHP Billiton Company Profile
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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