Mather Group LLC. Purchases 2,358 Shares of BHP Group Limited (NYSE:BHP)

Mather Group LLC. increased its position in BHP Group Limited (NYSE:BHP) by 55.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,581 shares of the mining company’s stock after buying an additional 2,358 shares during the period. Mather Group LLC.’s holdings in BHP Group were worth $380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BHP Group during the 2nd quarter worth $27,000. Eagle Bay Advisors LLC acquired a new position in BHP Group during the fourth quarter worth $28,000. Rise Advisors LLC bought a new position in BHP Group during the first quarter valued at about $29,000. WFA Asset Management Corp acquired a new stake in shares of BHP Group in the first quarter worth about $31,000. Finally, Viking Fund Management LLC acquired a new stake in BHP Group in the 1st quarter worth approximately $33,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 0.2 %

NYSE:BHP traded down $0.11 during mid-day trading on Wednesday, hitting $53.41. 961,636 shares of the company’s stock traded hands, compared to its average volume of 2,429,173. The firm has a 50 day moving average of $57.05 and a two-hundred day moving average of $58.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group Limited has a 12 month low of $51.73 and a 12 month high of $69.11.

Wall Street Analyst Weigh In

Several equities analysts have commented on BHP shares. Citigroup assumed coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.00.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.