Etrade Capital Management Lifted Its Bhp Billiton LTD (BHP) Position; Bowen Hanes & Co Has Lowered By $22.63 Million Its Olin (OLN) Stake

June 14, 2018 - By Stephen Andrade

BHP Billiton Limited (NYSE:BHP) Logo

Bowen Hanes & Co Inc decreased Olin (OLN) stake by 91.79% reported in 2018Q1 SEC filing. Bowen Hanes & Co Inc sold 754,280 shares as Olin (OLN)’s stock rose 0.66%. The Bowen Hanes & Co Inc holds 67,425 shares with $2.05M value, down from 821,705 last quarter. Olin now has $5.08B valuation. The stock decreased 1.01% or $0.31 during the last trading session, reaching $30.38. About 340,650 shares traded. Olin Corporation (NYSE:OLN) has risen 10.00% since June 14, 2017 and is uptrending. It has underperformed by 2.57% the S&P500. Some Historical OLN News: ; 20/04/2018 – Olin at Goldman Sachs Basic Materials Conference May 15; 23/04/2018 – S&P REVISES OLIN CORP. TO RATING ‘BB+’ FROM ‘BB’; OUTLOOK ‘STABLE’; 10/04/2018 – Olin Corporation First Quarter Earnings Conference Call Announcement; 21/04/2018 – DJ Olin Corporation, Inst Holders, 1Q 2018 (OLN); 14/05/2018 – King Street Capital Mgmt LLC Exits Position in Olin; 25/04/2018 – Olin Announces New Lead Director; 23/05/2018 – Olin at Vertical Research Partners Materials Conference Jun 14; 23/04/2018 – Olin Presenting at UBS Mini Conference May 21; 30/04/2018 – Olin Presenting at KeyCorp Conference May 30; 25/04/2018 – OLIN REPORTS NEW LEAD DIRECTOR

Etrade Capital Management Llc increased Bhp Billiton Ltd (BHP) stake by 29.19% reported in 2018Q1 SEC filing. Etrade Capital Management Llc acquired 10,052 shares as Bhp Billiton Ltd (BHP)’s stock rose 0.33%. The Etrade Capital Management Llc holds 44,491 shares with $1.98M value, up from 34,439 last quarter. Bhp Billiton Ltd now has $133.86B valuation. The stock decreased 0.34% or $0.17 during the last trading session, reaching $50.52. About 865,204 shares traded. BHP Billiton Limited (NYSE:BHP) has risen 35.38% since June 14, 2017 and is uptrending. It has outperformed by 22.81% the S&P500. Some Historical BHP News: ; 21/05/2018 – BP CEO SAYS COMPANY HAS LOOKED AT BHP BILLITON’S SHALE PORTFOLIO, MAY BID FOR ASSETS; 25/04/2018 – EMR IS SAID TO WEIGH POTENTIAL BID FOR BHP’S CERRO: AUSTRALIAN; 23/04/2018 – SOLSTAD FARSTAD ASA SOFF.OL – WHOLLY OWNED SUBSIDIARY OF SOLSTAD FARSTAD ASA, HAS SOLD AHTS NOR CHIEF (BUILT 2008, 10.800 BHP); 18/04/2018 – BHP SAYS FY OUTPUT GUIDANCE REMAINS UNCHANGED FOR PETROLEUM; 18/04/2018 – BRAZILIAN PROSECUTORS, MINING COMPANY SAMARCO TO ASK COURT FOR ADDITIONAL TIME TO CONCLUDE COMPENSATION PLAN FOR VICTIMS OF DAM DISASTER – PROSECUTOR’S OFFICE; 15/05/2018 – BHP CEO Estimates Miner’s Base Value Increased 30% Over Past Two Years; 06/05/2018 – BHP SAYS SOUTH FLANK IRON ORE PROJECT TO MEET QUALITY DEMAND; 18/04/2018 – BHP Billiton 3Q Petroleum Output 45M BoE, Down 12% On-year; 17/04/2018 – NICKEL-RICH EV BATTERIES SEEN PREFERRED FOR NEXT 10-15 YRS: BHP; 18/04/2018 – BHP 3rd-quarter iron ore output up 8 pct, cuts forecast

Since February 12, 2018, it had 4 insider purchases, and 2 sales for $46,190 activity. $208,083 worth of Olin Corporation (NYSE:OLN) was bought by Shipp Earl L. $15,445 worth of Olin Corporation (NYSE:OLN) was bought by LARRIMORE RANDALL W. 6,000 Olin Corporation (NYSE:OLN) shares with value of $198,397 were bought by BOGUS DONALD W. Shares for $286,889 were sold by MCINTOSH JOHN L. Curley Stephen C had sold 6,250 shares worth $206,250 on Thursday, March 1.

Among 16 analysts covering Olin Corporation (NYSE:OLN), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Olin Corporation had 53 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by UBS given on Tuesday, November 3. The company was maintained on Tuesday, September 8 by RBC Capital Markets. As per Wednesday, November 1, the company rating was maintained by SunTrust. RBC Capital Markets maintained the shares of OLN in report on Wednesday, December 13 with “Buy” rating. The firm has “Buy” rating by Susquehanna given on Friday, March 23. As per Wednesday, September 7, the company rating was downgraded by Longbow. The firm has “Neutral” rating given on Wednesday, September 2 by UBS. Nomura upgraded the stock to “Buy” rating in Thursday, January 7 report. J.P. Morgan initiated Olin Corporation (NYSE:OLN) rating on Friday, March 9. J.P. Morgan has “Buy” rating and $36.0 target. The rating was upgraded by Susquehanna on Thursday, August 6 to “Positive”.

Bowen Hanes & Co Inc increased Ibm (NYSE:IBM) stake by 9,870 shares to 162,285 valued at $24.90 million in 2018Q1. It also upped Boeing (NYSE:BA) stake by 62,422 shares and now owns 64,002 shares. Pepsico (NYSE:PEP) was raised too.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on July, 30. They expect $0.40 earnings per share, up 3,900.00% or $0.39 from last year’s $0.01 per share. OLN’s profit will be $66.89 million for 18.99 P/E if the $0.40 EPS becomes a reality. After $0.15 actual earnings per share reported by Olin Corporation for the previous quarter, Wall Street now forecasts 166.67% EPS growth.

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.20, from 1.29 in 2017Q4. It turned negative, as 45 investors sold OLN shares while 83 reduced holdings. 45 funds opened positions while 95 raised stakes. 138.66 million shares or 4.22% less from 144.77 million shares in 2017Q4 were reported. Bowen Hanes And Incorporated reported 0.09% of its portfolio in Olin Corporation (NYSE:OLN). The Ohio-based Stratos Wealth Ptnrs Limited has invested 0% in Olin Corporation (NYSE:OLN). Moreover, Morgan Stanley has 0.01% invested in Olin Corporation (NYSE:OLN) for 888,406 shares. Sector Pension Board stated it has 0.01% in Olin Corporation (NYSE:OLN). Parametric Portfolio Associate Limited Liability reported 0% of its portfolio in Olin Corporation (NYSE:OLN). Ny State Teachers Retirement reported 131,835 shares. Retirement Of Alabama holds 216,113 shares. Paradigm Mgmt invested 0.07% in Olin Corporation (NYSE:OLN). The New York-based Goldman Sachs Incorporated has invested 0.02% in Olin Corporation (NYSE:OLN). Panagora Asset Management stated it has 0.01% of its portfolio in Olin Corporation (NYSE:OLN). Stifel Corporation stated it has 0% in Olin Corporation (NYSE:OLN). The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Olin Corporation (NYSE:OLN). Rbf Ltd Co reported 60,000 shares. Messner Smith Theme Value Inv Limited Ca invested in 2.9% or 57,543 shares. Comerica Savings Bank holds 663,457 shares.

More notable recent BHP Billiton Limited (NYSE:BHP) news were published by: Seekingalpha.com which released: “BHP to move ahead with $2.9B Australia iron ore project” on June 14, 2018, also Seekingalpha.com with their article: “BHP responds to union contract proposal at Escondida mine” published on June 11, 2018, Fool.com published: “Big Oil Bids Billions for BHP Billiton’s Shale Assets” on June 06, 2018. More interesting news about BHP Billiton Limited (NYSE:BHP) were released by: Seekingalpha.com and their article: “Bloomberg: BHP receives bids valuing US shale unit at up to $9B” published on June 06, 2018 as well as Streetinsider.com‘s news article titled: “US energy firms chasing oil price rally stumble on old baggage” with publication date: June 14, 2018.

Etrade Capital Management Llc decreased Spdr Tr Bloomberg Barclays Intern (BWX) stake by 16,575 shares to 131,440 valued at $3.88M in 2018Q1. It also reduced Rockwell Collins Inc (NYSE:COL) stake by 8,161 shares and now owns 12,691 shares. Ani Pharmaceuticals Inc (NASDAQ:ANIP) was reduced too.

Among 26 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 11 have Buy rating, 3 Sell and 12 Hold. Therefore 42% are positive. BHP Billiton Limited (ADR) had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Sell” rating by Liberum Capital on Thursday, October 29. Citigroup maintained the stock with “Buy” rating in Thursday, September 24 report. Cowen & Co maintained the stock with “Hold” rating in Tuesday, January 9 report. On Thursday, August 27 the stock rating was upgraded by BNP Paribas to “Underperform”. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, November 10. Barclays Capital upgraded BHP Billiton Limited (NYSE:BHP) on Friday, May 4 to “Overweight” rating. The rating was downgraded by Nomura to “Neutral” on Thursday, March 17. The stock of BHP Billiton Limited (NYSE:BHP) has “Hold” rating given on Wednesday, March 9 by Argus Research. The rating was downgraded by Jefferies on Wednesday, March 9 to “Hold”. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Wednesday, August 26 report.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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