Pioneer Investment Management Inc. Cuts Stake in BHP Billiton Limited (BHP)

Pioneer Investment Management Inc. decreased its stake in shares of BHP Billiton Limited (NYSE:BHP) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,673 shares of the mining company’s stock after selling 26,522 shares during the period. Pioneer Investment Management Inc.’s holdings in BHP Billiton Limited were worth $14,865,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BHP. Callahan Advisors LLC raised its position in BHP Billiton Limited by 9.2% in the second quarter. Callahan Advisors LLC now owns 39,160 shares of the mining company’s stock valued at $1,394,000 after buying an additional 3,302 shares during the period. Sei Investments Co. raised its position in BHP Billiton Limited by 111.3% in the second quarter. Sei Investments Co. now owns 682,899 shares of the mining company’s stock valued at $24,040,000 after buying an additional 359,682 shares during the period. CAPROCK Group Inc. acquired a new position in BHP Billiton Limited during the second quarter valued at approximately $225,000. Kornitzer Capital Management Inc. KS raised its position in BHP Billiton Limited by 2.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 18,005 shares of the mining company’s stock valued at $641,000 after buying an additional 435 shares during the period. Finally, Cheyne Capital Management UK LLP acquired a new position in BHP Billiton Limited during the second quarter valued at approximately $12,505,000. Institutional investors and hedge funds own 2.98% of the company’s stock.

BHP Billiton Limited (BHP) opened at 40.35 on Friday. BHP Billiton Limited has a 52-week low of $29.30 and a 52-week high of $42.00. The stock has a market cap of $107.37 billion, a P/E ratio of 43.29 and a beta of 1.12. The firm’s 50-day moving average is $38.83 and its 200-day moving average is $37.48.

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Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of BHP Billiton Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Citigroup Inc. lowered shares of BHP Billiton Limited from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $41.79 to $28.02 in a research report on Wednesday, July 19th. HSBC Holdings plc lowered shares of BHP Billiton Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Deutsche Bank AG upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. BHP Billiton Limited presently has a consensus rating of “Hold” and a consensus price target of $34.24.

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.

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

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