BHP Stock: NTV Asset Management LLC Invests $879,000 in BHP Billiton Limited

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BHP Stock: NTV Asset Management LLC Invests $879,000 in BHP Billiton Limited


NTV Asset Management LLC acquired a new stake in shares of BHP Billiton Limited (NYSE:BHP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,800 shares of the mining company’s stock, valued at approximately $879,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sicart Associates LLC purchased a new position in shares of BHP Billiton Limited during the 3rd quarter valued at about $203,000. Jennison Associates LLC raised its holdings in shares of BHP Billiton Limited by 34.7% during the 3rd quarter. Jennison Associates LLC now owns 911,838 shares of the mining company’s stock valued at $36,957,000 after buying an additional 235,101 shares in the last quarter. Scout Investments Inc. raised its holdings in shares of BHP Billiton Limited by 4.1% during the 3rd quarter. Scout Investments Inc. now owns 531,485 shares of the mining company’s stock valued at $21,541,000 after buying an additional 20,876 shares in the last quarter. Advisor Partners LLC purchased a new position in shares of BHP Billiton Limited during the 3rd quarter valued at about $211,000. Finally, Boston Partners purchased a new position in shares of BHP Billiton Limited during the 3rd quarter valued at about $506,000. 3.00% of the stock is currently owned by institutional investors.

BHP has been the topic of a number of research reports. Zacks Investment Research raised BHP Billiton Limited from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, October 18th. Exane BNP Paribas cut BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a report on Thursday, September 7th. Raymond James Financial, Inc. cut BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a report on Friday, September 1st. BNP Paribas cut BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 6th. Finally, Cowen and Company set a $43.00 price target on BHP Billiton Limited and gave the stock a “hold” rating in a research note on Thursday, August 24th. 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 given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.52.

Shares of BHP Billiton Limited (NYSE:BHP) traded up $0.61 during mid-day trading on Thursday, hitting $42.27. The stock had a trading volume of 1,021,600 shares, compared to its average volume of 2,739,314. BHP Billiton Limited has a 12-month low of $33.37 and a 12-month high of $44.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85.

About BHP Billiton Limited

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 Limited (NYSE:BHP)



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