PNC Financial Services Group Inc. Has $245,000 Stake in BHP Billiton PLC (NYSE:BBL)

PNC Financial Services Group Inc. raised its stake in BHP Billiton PLC (NYSE:BBL) by 27.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,866 shares of the mining company’s stock after buying an additional 1,678 shares during the period. PNC Financial Services Group Inc.’s holdings in BHP Billiton PLC were worth $245,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Montgomery Investment Management Inc. boosted its position in BHP Billiton PLC by 2.4% in the first quarter. Montgomery Investment Management Inc. now owns 33,531 shares of the mining company’s stock valued at $1,045,000 after buying an additional 800 shares in the last quarter. Comerica Bank boosted its position in BHP Billiton PLC by 1.3% in the first quarter. Comerica Bank now owns 63,976 shares of the mining company’s stock valued at $1,933,000 after buying an additional 807 shares in the last quarter. Bridge Creek Capital Management LLC boosted its position in BHP Billiton PLC by 4.8% in the first quarter. Bridge Creek Capital Management LLC now owns 23,915 shares of the mining company’s stock valued at $745,000 after buying an additional 1,100 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in BHP Billiton PLC by 36.5% in the first quarter. Integrated Investment Consultants LLC now owns 4,292 shares of the mining company’s stock valued at $134,000 after buying an additional 1,147 shares in the last quarter. Finally, BB&T Securities LLC boosted its position in BHP Billiton PLC by 8.8% in the first quarter. BB&T Securities LLC now owns 26,896 shares of the mining company’s stock valued at $837,000 after buying an additional 2,180 shares in the last quarter. 4.39% of the stock is owned by institutional investors and hedge funds.

Shares of BHP Billiton PLC (NYSE BBL) opened at 34.28 on Wednesday. BHP Billiton PLC has a 1-year low of $23.96 and a 1-year high of $37.44. The firm’s 50-day moving average price is $31.04 and its 200 day moving average price is $32.29. The stock has a market capitalization of $91.22 billion, a P/E ratio of 36.78 and a beta of 1.02.

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Several research firms have recently issued reports on BBL. UBS AG reaffirmed a “neutral” rating on shares of BHP Billiton PLC in a research report on Thursday, April 27th. Zacks Investment Research raised BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Monday, April 17th. Citigroup Inc. reissued a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 29th. ValuEngine cut BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC cut BHP Billiton PLC to a “hold” rating and set a $32.00 target price for the company. in a research report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

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.

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

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