Highlander Capital Management LLC Grows Position in BHP Billiton Limited (BHP)

Highlander Capital Management LLC increased its position in shares of BHP Billiton Limited (NYSE:BHP) by 670.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,251 shares of the mining company’s stock after buying an additional 8,051 shares during the quarter. Highlander Capital Management LLC’s holdings in BHP Billiton were worth $407,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Northern Trust Corp grew its stake in shares of BHP Billiton by 2.3% in the 1st quarter. Northern Trust Corp now owns 1,592,729 shares of the mining company’s stock valued at $70,765,000 after purchasing an additional 35,490 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of BHP Billiton by 1.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 1,050,878 shares of the mining company’s stock valued at $48,330,000 after purchasing an additional 18,486 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of BHP Billiton by 217.2% in the 4th quarter. Two Sigma Investments LP now owns 949,732 shares of the mining company’s stock valued at $43,678,000 after purchasing an additional 650,331 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of BHP Billiton by 4.8% in the 1st quarter. Wells Fargo & Company MN now owns 908,920 shares of the mining company’s stock valued at $40,383,000 after purchasing an additional 41,982 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of BHP Billiton by 11.7% in the 1st quarter. Aperio Group LLC now owns 886,053 shares of the mining company’s stock valued at $39,367,000 after purchasing an additional 92,706 shares during the last quarter. Institutional investors own 3.32% of the company’s stock.

Shares of BHP traded up $0.08 during mid-day trading on Thursday, hitting $50.77. The company’s stock had a trading volume of 14,747 shares, compared to its average volume of 2,677,809. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.40. The stock has a market capitalization of $83.21 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.89 and a beta of 1.25. BHP Billiton Limited has a 1-year low of $33.42 and a 1-year high of $52.17.

Several research analysts have weighed in on BHP shares. JPMorgan Chase & Co. upgraded BHP Billiton from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 7th. Societe Generale upgraded BHP Billiton from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Goldman Sachs Group upgraded BHP Billiton from a “neutral” rating to a “buy” rating and lowered their target price for the company from $46.90 to $46.80 in a research note on Sunday, April 15th. Citigroup downgraded BHP Billiton from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Finally, BNP Paribas lifted their target price on BHP Billiton from $33.37 to $44.21 and gave the company a “neutral” rating in a research note on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.43.

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.

Institutional Ownership by Quarter for BHP Billiton (NYSE:BHP)

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