Fairfield Bush & CO. Raises Holdings in BHP Billiton Limited (BHP)

Fairfield Bush & CO. grew its holdings in shares of BHP Billiton Limited (NYSE:BHP) by 15.5% during the first quarter, HoldingsChannel.com reports. The firm owned 20,157 shares of the mining company’s stock after acquiring an additional 2,700 shares during the quarter. Fairfield Bush & CO.’s holdings in BHP Billiton were worth $896,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BHP. Opera Trading Capital acquired a new stake in shares of BHP Billiton in the 4th quarter worth about $106,000. Smart Portfolios LLC acquired a new stake in shares of BHP Billiton in the 1st quarter worth about $121,000. Trust Co. of Vermont increased its holdings in shares of BHP Billiton by 37.2% in the 4th quarter. Trust Co. of Vermont now owns 4,278 shares of the mining company’s stock worth $197,000 after acquiring an additional 1,161 shares during the period. BigSur Wealth Management LLC acquired a new stake in shares of BHP Billiton in the 4th quarter worth about $203,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of BHP Billiton in the 4th quarter worth about $208,000. 3.31% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on BHP shares. Citigroup raised shares of BHP Billiton from a “neutral” rating to a “buy” rating in a report on Wednesday, April 4th. Cowen set a $50.00 price objective on shares of BHP Billiton and gave the stock a “market perform” rating in a report on Friday, March 23rd. Goldman Sachs raised shares of BHP Billiton from a “sell” rating to a “neutral” rating in a report on Wednesday, March 14th. Investec raised shares of BHP Billiton from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Finally, Sanford C. Bernstein cut shares of BHP Billiton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $49.55 to $47.00 in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $42.00.

Shares of BHP Billiton opened at $50.81 on Monday, according to MarketBeat.com. The company has a quick ratio of 1.40, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. BHP Billiton Limited has a 52-week low of $33.42 and a 52-week high of $51.83.

About BHP Billiton

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 (NYSE:BHP)

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