Lourd Capital LLC purchased a new stake in shares of BHP Billiton plc (NYSE:BBL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,162 shares of the mining company’s stock, valued at approximately $271,000.
Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BHP Billiton in the second quarter worth approximately $112,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of BHP Billiton in the second quarter worth approximately $203,000. Advisor Partners LLC acquired a new position in shares of BHP Billiton in the second quarter worth approximately $205,000. NumerixS Investment Technologies Inc lifted its stake in shares of BHP Billiton by 1,400.0% in the second quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the mining company’s stock worth $269,000 after acquiring an additional 5,600 shares during the period. Finally, Bank of Nova Scotia acquired a new position in shares of BHP Billiton in the second quarter worth approximately $288,000. 4.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BBL opened at $41.69 on Friday. BHP Billiton plc has a 52-week low of $35.48 and a 52-week high of $47.92. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $46.44 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.
The firm also recently declared a semiannual dividend, which was paid on Tuesday, September 25th. Shareholders of record on Friday, September 7th were paid a $1.26 dividend. The ex-dividend date was Thursday, September 6th. This is a positive change from BHP Billiton’s previous semiannual dividend of $0.80. This represents a yield of 6.06%. BHP Billiton’s payout ratio is 75.00%.
A number of equities analysts recently commented on the company. Zacks Investment Research raised BHP Billiton from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday. ValuEngine lowered BHP Billiton from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Morgan Stanley lowered BHP Billiton from an “overweight” rating to an “equal” rating in a research note on Tuesday, September 25th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $42.50.
BHP Billiton Profile
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
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