Lourd Capital LLC Takes $271,000 Position in BHP Billiton plc (BBL)

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Lourd Capital LLC purchased a new position in BHP Billiton plc (NYSE:BBL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,162 shares of the mining company’s stock, valued at approximately $271,000.

A number of other institutional investors have also added to or reduced their stakes in BBL. Fisher Asset Management LLC bought a new position in BHP Billiton in the second quarter valued at about $186,223,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in BHP Billiton in the first quarter valued at about $23,838,000. Millennium Management LLC grew its position in BHP Billiton by 442.6% in the second quarter. Millennium Management LLC now owns 390,879 shares of the mining company’s stock valued at $17,570,000 after acquiring an additional 318,841 shares during the last quarter. LMR Partners LLP bought a new position in BHP Billiton in the second quarter valued at about $13,233,000. Finally, Sensato Investors LLC bought a new position in BHP Billiton in the second quarter valued at about $5,754,000. Hedge funds and other institutional investors own 4.19% of the company’s stock.

A number of research analysts have issued reports on BBL shares. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, June 19th. Morgan Stanley cut BHP Billiton from an “overweight” rating to an “equal” rating in a research report on Tuesday, September 25th. Finally, ValuEngine upgraded BHP Billiton from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.50.

BHP Billiton stock opened at $41.69 on Friday. BHP Billiton plc has a 12-month low of $35.48 and a 12-month high of $47.92. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $46.44 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

The company also recently declared a semiannual dividend, which was paid on Tuesday, September 25th. Stockholders of record on Friday, September 7th were paid a dividend of $1.26 per share. This represents a dividend yield of 6.06%. This is a positive change from BHP Billiton’s previous semiannual dividend of $0.80. The ex-dividend date was Thursday, September 6th. BHP Billiton’s dividend payout ratio (DPR) is presently 75.00%.

BHP Billiton Profile

BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.

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

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