Bank of New York Mellon Corp Boosts Stake in BHP Billiton PLC (NYSE:BBL)

Bank of New York Mellon Corp boosted its stake in BHP Billiton PLC (NYSE:BBL) by 45.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,019 shares of the mining company’s stock after buying an additional 16,554 shares during the period. Bank of New York Mellon Corp’s holdings in BHP Billiton PLC were worth $1,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nikko Asset Management Americas Inc. raised its position in shares of BHP Billiton PLC by 8.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 2,073,112 shares of the mining company’s stock valued at $64,577,000 after buying an additional 159,800 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of BHP Billiton PLC by 0.3% in the first quarter. Russell Investments Group Ltd. now owns 684,305 shares of the mining company’s stock valued at $21,311,000 after buying an additional 2,184 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BHP Billiton PLC by 53.6% in the first quarter. Wells Fargo & Company MN now owns 536,231 shares of the mining company’s stock valued at $16,704,000 after buying an additional 187,205 shares during the last quarter. Henderson Group PLC raised its position in shares of BHP Billiton PLC by 197.6% in the first quarter. Henderson Group PLC now owns 129,014 shares of the mining company’s stock valued at $4,019,000 after buying an additional 85,660 shares during the last quarter. Finally, BB&T Corp raised its position in shares of BHP Billiton PLC by 77.0% in the first quarter. BB&T Corp now owns 75,664 shares of the mining company’s stock valued at $2,357,000 after buying an additional 32,915 shares during the last quarter. 4.38% of the stock is currently owned by institutional investors.

BHP Billiton PLC (BBL) opened at 33.89 on Monday. BHP Billiton PLC has a one year low of $24.08 and a one year high of $37.44. The stock’s 50 day moving average price is $31.26 and its 200-day moving average price is $32.32. The firm has a market cap of $90.18 billion, a price-to-earnings ratio of 36.36 and a beta of 1.02.

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Several research analysts have weighed in on BBL shares. Zacks Investment Research raised BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Monday, April 17th. Citigroup Inc. reaffirmed a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 15th. BidaskClub raised BHP Billiton PLC from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. UBS AG reaffirmed a “neutral” rating on shares of BHP Billiton PLC in a research report on Thursday, April 27th. Finally, ValuEngine raised BHP Billiton PLC from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.50.

About BHP Billiton PLC

BHP Billiton Plc 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 PLC (NYSE:BBL)

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