Brigham Minerals, Inc. (NYSE:MNRL) Director Pbra, Llc Sells 55,247 Shares of Stock

Brigham Minerals, Inc. (NYSE:MNRLGet Rating) Director Pbra, Llc sold 55,247 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $30.57, for a total value of $1,688,900.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Pbra, Llc also recently made the following trade(s):

  • On Monday, June 13th, Pbra, Llc sold 173,733 shares of Brigham Minerals stock. The stock was sold at an average price of $30.87, for a total value of $5,363,137.71.
  • On Friday, June 10th, Pbra, Llc sold 100,253 shares of Brigham Minerals stock. The stock was sold at an average price of $32.32, for a total value of $3,240,176.96.
  • On Thursday, May 26th, Pbra, Llc sold 389,626 shares of Brigham Minerals stock. The shares were sold at an average price of $29.37, for a total value of $11,443,315.62.
  • On Monday, March 21st, Pbra, Llc sold 134,248 shares of Brigham Minerals stock. The shares were sold at an average price of $24.62, for a total value of $3,305,185.76.
  • On Friday, March 18th, Pbra, Llc sold 217,904 shares of Brigham Minerals stock. The shares were sold at an average price of $24.27, for a total value of $5,288,530.08.

MNRL stock opened at $29.47 on Friday. Brigham Minerals, Inc. has a 1 year low of $16.51 and a 1 year high of $33.64. The firm has a 50-day moving average of $28.08 and a 200 day moving average of $24.65. The company has a market cap of $1.78 billion, a P/E ratio of 19.26 and a beta of 1.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.55 and a quick ratio of 3.55.

Brigham Minerals (NYSE:MNRLGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.16. Brigham Minerals had a net margin of 36.54% and a return on equity of 10.56%. The firm had revenue of $71.43 million for the quarter, compared to analysts’ expectations of $55.22 million. On average, equities research analysts expect that Brigham Minerals, Inc. will post 2.89 earnings per share for the current fiscal year.

The firm also recently declared a None dividend, which was paid on Friday, May 27th. Stockholders of record on Friday, May 20th were paid a dividend of $0.60 per share. This represents a dividend yield of 2.2%. The ex-dividend date was Thursday, May 19th. This is a boost from Brigham Minerals’s previous None dividend of $0.14. Brigham Minerals’s dividend payout ratio (DPR) is currently 41.83%.

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Brigham Minerals by 32.8% in the 1st quarter. Wellington Management Group LLP now owns 4,126,056 shares of the company’s stock valued at $105,421,000 after acquiring an additional 1,019,459 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Brigham Minerals by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 2,584,640 shares of the company’s stock worth $66,037,000 after buying an additional 219,754 shares during the last quarter. State Street Corp increased its holdings in shares of Brigham Minerals by 26.4% in the 1st quarter. State Street Corp now owns 1,571,586 shares of the company’s stock worth $40,154,000 after buying an additional 328,529 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Brigham Minerals by 16.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,571,366 shares of the company’s stock worth $33,140,000 after buying an additional 224,462 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of Brigham Minerals by 16.5% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,442,498 shares of the company’s stock worth $30,422,000 after buying an additional 204,245 shares during the last quarter. Institutional investors and hedge funds own 68.81% of the company’s stock.

A number of brokerages have recently weighed in on MNRL. Barclays boosted their target price on Brigham Minerals from $29.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Brigham Minerals from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, May 23rd. Piper Sandler boosted their target price on shares of Brigham Minerals to $32.00 and gave the company a “na” rating in a report on Wednesday, May 18th. TheStreet raised shares of Brigham Minerals from a “c+” rating to a “b” rating in a report on Monday, April 18th. Finally, Raymond James upped their price target on shares of Brigham Minerals from $41.00 to $44.00 in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brigham Minerals presently has a consensus rating of “Buy” and a consensus price target of $34.40.

Brigham Minerals Company Profile (Get Rating)

Brigham Minerals, Inc owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

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