OxFORD Asset Management LLP Purchases New Stake in BHP Billiton Limited (BHP)

OxFORD Asset Management LLP bought a new position in shares of BHP Billiton Limited (NYSE:BHP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 105,703 shares of the mining company’s stock, valued at approximately $4,284,000.

A number of other hedge funds have also recently added to or reduced their stakes in BHP. Raymond James Financial Services Advisors Inc. raised its stake in shares of BHP Billiton by 8.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,843 shares of the mining company’s stock valued at $1,454,000 after acquiring an additional 3,351 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of BHP Billiton in the second quarter valued at approximately $4,230,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of BHP Billiton by 50.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,049 shares of the mining company’s stock valued at $1,461,000 after acquiring an additional 13,791 shares during the last quarter. GAM Holding AG bought a new position in shares of BHP Billiton in the second quarter valued at approximately $1,566,000. Finally, Marshall Wace North America L.P. bought a new position in BHP Billiton in the 2nd quarter worth approximately $2,134,000. 3.27% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on BHP. ValuEngine lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub raised shares of BHP Billiton from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Royal Bank Of Canada lowered shares of 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. Cowen set a $43.00 price objective on shares of BHP Billiton and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, BNP Paribas cut shares of BHP Billiton from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 6th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $36.52.

BHP Billiton Limited (NYSE:BHP) opened at $41.11 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53. BHP Billiton Limited has a 52 week low of $33.37 and a 52 week high of $44.62.

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About BHP Billiton

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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