Highlander Capital Management LLC increased its position in shares of BHP Billiton Limited (NYSE:BHP) by 670.9% in the 1st quarter, Holdings Channel reports. The firm owned 9,251 shares of the mining company’s stock after acquiring an additional 8,051 shares during the period. Highlander Capital Management LLC’s holdings in BHP Billiton were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BHP. Smart Portfolios LLC acquired a new position in BHP Billiton during the first quarter worth $121,000. Moors & Cabot Inc. acquired a new position in BHP Billiton during the fourth quarter worth $208,000. Sensato Investors LLC acquired a new position in BHP Billiton during the fourth quarter worth $222,000. Roundview Capital LLC acquired a new position in BHP Billiton during the first quarter worth $240,000. Finally, Advisory Services Network LLC raised its holdings in BHP Billiton by 447.6% during the fourth quarter. Advisory Services Network LLC now owns 5,350 shares of the mining company’s stock worth $246,000 after purchasing an additional 4,373 shares during the last quarter. 3.32% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on BHP shares. Citigroup raised BHP Billiton from a “neutral” rating to a “buy” rating in a report on Wednesday, April 4th. Cowen set a $50.00 price objective on BHP Billiton and gave the stock a “market perform” rating in a report on Friday, March 23rd. Goldman Sachs Group raised BHP Billiton from a “sell” rating to a “neutral” rating in a report on Wednesday, March 14th. Investec raised BHP Billiton from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Finally, Barclays raised BHP Billiton from an “equal weight” rating to an “overweight” rating in a report on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.43.

Shares of NYSE BHP traded up $0.08 during trading on Thursday, reaching $50.77. The company had a trading volume of 14,747 shares, compared to its average volume of 2,677,809. BHP Billiton Limited has a twelve month low of $33.42 and a twelve month high of $52.17. The stock has a market cap of $83.21 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The company has a quick ratio of 1.40, a current ratio of 1.75 and a debt-to-equity ratio of 0.41.

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

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