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West Coast Financial LLC Cuts Stake in BHP Billiton Limited (NYSE:BHP)

West Coast Financial LLC Cuts Stake in BHP Billiton Limited (NYSE:BHP)

West Coast Financial LLC Cuts Stake in BHP Billiton Limited (NYSE:BHP)

BBL has been the topic of a number of research analyst reports.

Ubs Oconnor Llc decreased Bhp Bill (BBL) stake by 18.2% reported in 2016Q4 SEC filing. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned "Buy" rating by Jefferies on Monday, September 14. Barclays PLC restated an "equal weight" rating and set a GBX 1,300 ($16.98) target price on shares of BHP Billiton plc in a research note on Friday. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned "Sell" rating by Liberum Capital on Wednesday, July 22.

The extra spending on the division is an example of how BHP wants to prove the potential in its shale assets before selling them, amid calls from shareholders for the assets to be sold or demerged.

BHP Billiton Limited (BHP) now has P/E (Price to Earnings) ratio of 42.54 while the company's industry has 25.93 P/E and the sector P/E is 37.66.

Bhp Billiton Limited (NYSE:BHP) had an increase of 0.44% in short interest. BHP Billiton PLC has GBX 1850 highest and GBX 515 lowest target. The company has a market cap of $104.95 billion, a PE ratio of 42.32 and a beta of 1.09. The stock's 50-day moving average price is $35.28 and its 200 day moving average price is $37.09.

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Several other institutional investors also recently bought and sold shares of the stock. Toronto Dominion Bank now owns 4,669 shares of the mining company's stock worth $170,000 after buying an additional 519 shares during the period. Hudson Bay Capital Management LP purchased a new position in BHP Billiton PLC during the fourth quarter worth $1,227,000. Capstone Asset Management Co. increased its position in shares of BHP Billiton Limited by 12.5% in the first quarter. CENTRAL TRUST Co now owns 5,668 shares of the mining company's stock valued at $201,000 after buying an additional 85 shares in the last quarter. Finally, First Financial Corp IN increased its position in BHP Billiton Limited by 3.7% in the second quarter. Cutler Group LP now owns 9,438 shares of the mining company's stock worth $293,000 after buying an additional 5,308 shares during the period. Hedge funds and other institutional investors own 2.99% of the company's stock.

BHP Billiton has announced an investment of A$350 ($277m) to enhance and modernize the smelter operations at its Olympic Dam copper mine in South Australia. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium.

The Melbourne-based giant said thanks to the continued ramp up of additional capacity at its Jimblebar operations in Western Australia production at its iron ore unit rose 4% year-on-year to 231m tonnes for the 12 months to end-June.

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