Brigham Minerals, Inc. (NYSE:MNRL) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Brigham Minerals, Inc. (NYSE:MNRLGet Rating) by 65.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,126 shares of the company’s stock after purchasing an additional 2,029 shares during the quarter. Lazard Asset Management LLC’s holdings in Brigham Minerals were worth $126,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MNRL. SG Americas Securities LLC acquired a new stake in shares of Brigham Minerals during the first quarter worth about $123,000. Envestnet Asset Management Inc. lifted its position in shares of Brigham Minerals by 25.9% during the first quarter. Envestnet Asset Management Inc. now owns 21,527 shares of the company’s stock worth $550,000 after purchasing an additional 4,428 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Brigham Minerals during the first quarter worth about $9,596,000. Titleist Asset Management LTD. acquired a new stake in shares of Brigham Minerals during the first quarter worth about $913,000. Finally, Advisor Group Holdings Inc. lifted its position in shares of Brigham Minerals by 20.2% during the first quarter. Advisor Group Holdings Inc. now owns 3,319 shares of the company’s stock worth $84,000 after purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MNRL shares. Barclays increased their price target on shares of Brigham Minerals from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 19th. Stifel Nicolaus cut shares of Brigham Minerals from a “buy” rating to a “hold” rating and reduced their target price for the company from $31.00 to $27.00 in a report on Tuesday, October 25th. Raymond James reduced their target price on shares of Brigham Minerals from $49.00 to $44.00 and set a “strong-buy” rating on the stock in a report on Monday, October 24th. Piper Sandler cut shares of Brigham Minerals from an “overweight” rating to a “neutral” rating and raised their target price for the company from $34.00 to $36.00 in a report on Thursday, November 17th. Finally, KeyCorp started coverage on shares of Brigham Minerals in a report on Monday, September 19th. They issued a “sector weight” rating on the stock. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Brigham Minerals Stock Performance

Shares of Brigham Minerals stock opened at $35.43 on Wednesday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 14.52 and a beta of 1.86. Brigham Minerals, Inc. has a 52 week low of $19.37 and a 52 week high of $36.49. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $29.79 and its two-hundred day moving average is $28.32.

Brigham Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 18th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.64 annualized dividend and a yield of 1.81%. Brigham Minerals’s dividend payout ratio is currently 26.23%.

Brigham Minerals Company Profile

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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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Institutional Ownership by Quarter for Brigham Minerals (NYSE:MNRL)

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