BHP Billiton PLC (NYSE:BBL) Position Maintained by Montgomery Investment Management Inc.

Montgomery Investment Management Inc. maintained its stake in BHP Billiton PLC (NYSE:BBL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,531 shares of the mining company’s stock at the end of the second quarter. Montgomery Investment Management Inc.’s holdings in BHP Billiton PLC were worth $1,031,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BBL. BB&T Corp raised its stake 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. JPMorgan Chase & Co. raised its stake in shares of BHP Billiton PLC by 68,636.4% in the first quarter. JPMorgan Chase & Co. now owns 151,220 shares of the mining company’s stock valued at $4,711,000 after buying an additional 151,000 shares during the last quarter. UBS Oconnor LLC raised its stake in shares of BHP Billiton PLC by 28.7% in the first quarter. UBS Oconnor LLC now owns 385,941 shares of the mining company’s stock valued at $12,022,000 after buying an additional 86,106 shares during the last quarter. Wells Fargo & Company MN raised its stake 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. Finally, Leucadia National Corp acquired a new stake in shares of BHP Billiton PLC during the first quarter valued at approximately $6,772,000. Hedge funds and other institutional investors own 4.33% of the company’s stock.

Shares of BHP Billiton PLC (BBL) traded down 0.09% during mid-day trading on Friday, hitting $34.95. The company had a trading volume of 1,671,761 shares. BHP Billiton PLC has a 52 week low of $25.61 and a 52 week high of $37.44. The firm has a 50-day moving average price of $34.49 and a 200-day moving average price of $32.43. The firm has a market capitalization of $93.00 billion, a PE ratio of 37.50 and a beta of 1.05.

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Several equities research analysts recently commented on the company. Citigroup Inc. restated a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 29th. Jefferies Group LLC set a $37.00 price target on BHP Billiton PLC and gave the stock a “buy” rating in a research note on Friday, May 19th. ValuEngine downgraded BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded BHP Billiton PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, BidaskClub raised BHP Billiton PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.50.

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.

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

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