Davis Rea Ltd. Buys 735 Shares of BHP Billiton Limited (BHP)

Davis Rea Ltd. increased its stake in shares of BHP Billiton Limited (NYSE:BHP) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 34,161 shares of the mining company’s stock after buying an additional 735 shares during the period. Davis Rea Ltd.’s holdings in BHP Billiton Limited were worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Callahan Advisors LLC raised its stake in BHP Billiton Limited by 9.2% in the second quarter. Callahan Advisors LLC now owns 39,160 shares of the mining company’s stock valued at $1,394,000 after buying an additional 3,302 shares during the last quarter. Sei Investments Co. raised its stake in BHP Billiton Limited by 111.3% in the second quarter. Sei Investments Co. now owns 682,899 shares of the mining company’s stock valued at $24,040,000 after buying an additional 359,682 shares during the last quarter. CAPROCK Group Inc. bought a new stake in BHP Billiton Limited during the second quarter valued at $225,000. Kornitzer Capital Management Inc. KS raised its stake in BHP Billiton Limited by 2.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 18,005 shares of the mining company’s stock valued at $641,000 after buying an additional 435 shares during the last quarter. Finally, Cheyne Capital Management UK LLP bought a new stake in BHP Billiton Limited during the second quarter valued at $12,505,000. Institutional investors own 2.98% of the company’s stock.

Shares of BHP Billiton Limited (NYSE BHP) opened at 41.36 on Thursday. BHP Billiton Limited has a 1-year low of $29.30 and a 1-year high of $42.00. The firm has a 50-day moving average price of $38.45 and a 200-day moving average price of $37.46. The stock has a market cap of $110.06 billion, a price-to-earnings ratio of 44.38 and a beta of 1.12.

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Several research firms recently weighed in on BHP. Zacks Investment Research upgraded BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered BHP Billiton Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. lowered BHP Billiton Limited from a “buy” rating to a “neutral” rating and decreased their price target for the company from $41.79 to $28.02 in a report on Wednesday, July 19th. HSBC Holdings plc lowered BHP Billiton Limited from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, Deutsche Bank AG upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. BHP Billiton Limited presently has a consensus rating of “Hold” and an average price target of $34.24.

About BHP Billiton Limited

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.

Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Billiton Limited (NYSE:BHP).

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

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