Suntrust Banks Inc. Takes Position in BHP Billiton PLC (BBL)
Suntrust Banks Inc. purchased a new stake in BHP Billiton PLC (NYSE:BBL) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 38,531 shares of the mining company’s stock, valued at approximately $1,168,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of BBL. BB&T Securities LLC purchased a new position in BHP Billiton PLC during the third quarter valued at $750,000. Advisor Group Inc. boosted its position in BHP Billiton PLC by 70.4% in the third quarter. Advisor Group Inc. now owns 17,108 shares of the mining company’s stock valued at $515,000 after buying an additional 7,070 shares during the last quarter. Ameriprise Financial Inc. boosted its position in BHP Billiton PLC by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 154,731 shares of the mining company’s stock valued at $4,702,000 after buying an additional 8,330 shares during the last quarter. BlackRock Institutional Trust Company N.A. purchased a new position in BHP Billiton PLC during the third quarter valued at $2,472,000. Finally, Roberts Glore & Co. Inc. IL purchased a new position in BHP Billiton PLC during the third quarter valued at $220,000. Hedge funds and other institutional investors own 4.08% of the company’s stock.
BHP Billiton PLC (NYSE:BBL) traded up 0.60% during midday trading on Friday, hitting $35.45. 1,074,847 shares of the company traded hands. BHP Billiton PLC has a 12-month low of $16.36 and a 12-month high of $35.83. The firm’s market capitalization is $94.34 billion. The stock’s 50-day moving average is $33.10 and its 200-day moving average is $29.33.
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Several equities analysts have weighed in on the stock. Barclays PLC reiterated an “equal weight” rating on shares of BHP Billiton PLC in a research report on Thursday, November 10th. J P Morgan Chase & Co restated a “sell” rating on shares of BHP Billiton PLC in a report on Friday, January 6th. Jefferies Group restated a “buy” rating and set a $40.00 price target on shares of BHP Billiton PLC in a report on Sunday, January 8th. RBC Capital Markets restated a “sector perform” rating on shares of BHP Billiton PLC in a report on Friday, October 7th. Finally, Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.00.
BHP Billiton PLC Company Profile
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.
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