Riverhead Capital Management LLC maintained its position in BHP Billiton Limited (NYSE:BHP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,300 shares of the mining company’s stock at the end of the 2nd quarter. Riverhead Capital Management LLC’s holdings in BHP Billiton Limited were worth $1,043,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of BHP. LMR Partners LLP acquired a new stake in shares of BHP Billiton Limited during the first quarter valued at $25,600,000. MAVEN SECURITIES Ltd acquired a new stake in shares of BHP Billiton Limited during the first quarter valued at $19,332,000. Cheyne Capital Management UK LLP acquired a new stake in shares of BHP Billiton Limited during the second quarter valued at $12,505,000. Sei Investments Co. boosted its stake in shares of BHP Billiton Limited by 111.3% during the second quarter. Sei Investments Co. now owns 682,899 shares of the mining company’s stock valued at $24,040,000 after acquiring an additional 359,682 shares during the last quarter. Finally, UBS Oconnor LLC boosted its stake in shares of BHP Billiton Limited by 86.8% during the first quarter. UBS Oconnor LLC now owns 444,414 shares of the mining company’s stock valued at $16,141,000 after acquiring an additional 206,529 shares during the last quarter. 2.98% of the stock is currently owned by institutional investors and hedge funds.
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BHP Billiton Limited (NYSE:BHP) opened at 41.82 on Friday. The stock has a market capitalization of $111.32 billion, a P/E ratio of 18.94 and a beta of 1.12. BHP Billiton Limited has a 12-month low of $30.42 and a 12-month high of $44.62. The stock has a 50 day moving average price of $42.04 and a 200-day moving average price of $37.86.
The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.86 per share. This represents a dividend yield of 4.04%. The ex-dividend date is Thursday, September 7th. This is an increase from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32.
BHP has been the topic of a number of analyst reports. Jefferies Group LLC lowered BHP Billiton Limited from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Thursday, June 8th. UBS AG raised BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Zacks Investment Research lowered BHP Billiton Limited from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub lowered BHP Billiton Limited from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, Argus decreased their price objective on BHP Billiton Limited from $46.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $34.67.
About BHP Billiton Limited
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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