Shelter Ins Retirement Plan Has $3,954,000 Position in BHP Billiton Limited (BHP)
Shelter Ins Retirement Plan continued to hold its stake in BHP Billiton Limited (NYSE:BHP) during the second quarter, according to its most recent filing with the SEC. The fund owned 111,100 shares of the mining company’s stock at the end of the second quarter. BHP Billiton Limited makes up about 1.9% of Shelter Ins Retirement Plan’s investment portfolio, making the stock its 26th largest position. Shelter Ins Retirement Plan’s holdings in BHP Billiton Limited were worth $3,954,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BHP. Independence Advisors LLC purchased a new stake in BHP Billiton Limited during the second quarter valued at about $246,000. Huntington National Bank raised its stake in BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock valued at $101,000 after buying an additional 572 shares during the last quarter. Proficio Capital Partners LLC raised its stake in BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock valued at $114,000 after buying an additional 1,727 shares during the last quarter. Fifth Third Bancorp raised its stake in BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock valued at $121,000 after buying an additional 426 shares during the last quarter. Finally, V Wealth Management LLC purchased a new stake in BHP Billiton Limited during the second quarter valued at about $133,000. Hedge funds and other institutional investors own 2.98% of the company’s stock.
Shares of BHP Billiton Limited (NYSE:BHP) opened at 42.83 on Tuesday. The firm’s 50-day moving average is $40.31 and its 200 day moving average is $37.50. The stock has a market capitalization of $114.01 billion, a P/E ratio of 19.40 and a beta of 1.12. BHP Billiton Limited has a 12-month low of $29.30 and a 12-month high of $43.60.
The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 26th. Investors of record on Friday, September 8th will be issued a dividend of $0.86 per share. This represents a yield of 4.04%. This is a positive change from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32. The ex-dividend date of this dividend is Thursday, September 7th.
Several research firms have recently issued reports on BHP. UBS AG upgraded shares of BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Cowen and Company set a $43.00 target price on shares of BHP Billiton Limited and gave the stock a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of BHP Billiton Limited from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Argus reduced their target price on shares of BHP Billiton Limited from $46.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. BHP Billiton Limited presently has an average rating of “Hold” and an average price target of $34.67.
BHP Billiton Limited Company Profile
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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