Quantitative Investment Management LLC trimmed its holdings in shares of BHP Billiton Limited (NYSE:BHP) by 64.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,300 shares of the mining company’s stock after selling 248,600 shares during the period. Quantitative Investment Management LLC’s holdings in BHP Billiton were worth $6,176,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Opera Trading Capital acquired a new position in BHP Billiton during the fourth quarter valued at approximately $106,000. Trust Co. of Vermont lifted its position in BHP Billiton by 37.2% during the fourth quarter. Trust Co. of Vermont now owns 4,278 shares of the mining company’s stock valued at $197,000 after buying an additional 1,161 shares in the last quarter. Sicart Associates LLC acquired a new position in BHP Billiton during the third quarter valued at approximately $203,000. BigSur Wealth Management LLC acquired a new position in BHP Billiton during the fourth quarter valued at approximately $203,000. Finally, Moors & Cabot Inc. acquired a new position in BHP Billiton during the fourth quarter valued at approximately $208,000. 3.22% of the stock is currently owned by hedge funds and other institutional investors.
BHP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, January 9th. JPMorgan Chase & Co. raised shares of BHP Billiton from an “underweight” rating to a “neutral” rating in a research report on Thursday, December 14th. Sanford C. Bernstein cut shares of BHP Billiton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $49.55 to $47.00 in a research report on Monday, January 22nd. Cowen lifted their price target on shares of BHP Billiton from $45.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, January 10th. Finally, Citigroup cut shares of BHP Billiton from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $38.97.
The company also recently disclosed a Semi-Annual 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. The ex-dividend date of this dividend is Thursday, March 8th. This represents a dividend yield of 4.73%. This is a positive change from BHP Billiton’s previous Semi-Annual dividend of $0.86.
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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.
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