Wells Fargo & Company MN lessened its stake in shares of BHP Billiton PLC (NYSE:BBL) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 507,726 shares of the mining company’s stock after selling 21,347 shares during the period. Wells Fargo & Company MN’s holdings in BHP Billiton were worth $17,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BBL. Cheyne Capital Management UK LLP bought a new position in shares of BHP Billiton in the 3rd quarter valued at about $1,068,000. Mason Capital Management LLC purchased a new stake in BHP Billiton in the 2nd quarter worth about $46,601,000. Polaris Capital Management LLC raised its position in BHP Billiton by 15.2% in the 2nd quarter. Polaris Capital Management LLC now owns 4,138,188 shares of the mining company’s stock worth $127,291,000 after purchasing an additional 546,628 shares during the period. Northern Trust Corp raised its position in BHP Billiton by 20.9% in the 2nd quarter. Northern Trust Corp now owns 1,532,668 shares of the mining company’s stock worth $47,145,000 after purchasing an additional 265,186 shares during the period. Finally, Cambiar Investors LLC raised its position in BHP Billiton by 4.3% in the 3rd quarter. Cambiar Investors LLC now owns 5,423,369 shares of the mining company’s stock worth $192,258,000 after purchasing an additional 222,160 shares during the period. 4.39% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on BBL shares. Jefferies Group set a $38.00 price objective on shares of BHP Billiton and gave the stock a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, October 12th. BidaskClub raised shares of BHP Billiton from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, ValuEngine lowered shares of BHP Billiton from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.50.

BHP Billiton PLC (NYSE BBL) opened at $37.95 on Wednesday. BHP Billiton PLC has a 1 year low of $28.73 and a 1 year high of $39.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85.

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BHP Billiton 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.

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

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