Brigham Minerals, Inc. (NYSE:MNRL) Director Sells $1,671,828.50 in Stock

Brigham Minerals, Inc. (NYSE:MNRLGet Rating) Director Pbra, Llc sold 59,390 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $28.15, for a total transaction of $1,671,828.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, June 15th, Pbra, Llc sold 55,247 shares of Brigham Minerals stock. The shares were sold at an average price of $30.57, for a total transaction of $1,688,900.79.
  • On Monday, June 13th, Pbra, Llc sold 173,733 shares of Brigham Minerals stock. The shares were sold at an average price of $30.87, for a total transaction of $5,363,137.71.
  • On Friday, June 10th, Pbra, Llc sold 100,253 shares of Brigham Minerals stock. The shares were sold at an average price of $32.32, for a total transaction 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 transaction of $11,443,315.62.

NYSE:MNRL traded down $1.10 during trading hours on Thursday, hitting $24.10. The stock had a trading volume of 1,146,444 shares, compared to its average volume of 545,506. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 0.13. Brigham Minerals, Inc. has a 1-year low of $16.51 and a 1-year high of $33.64. The business has a 50 day simple moving average of $28.03 and a two-hundred day simple moving average of $24.83. The company has a market cap of $1.46 billion, a PE ratio of 16.47 and a beta of 1.94.

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

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

Several brokerages have recently weighed in on MNRL. TheStreet upgraded shares of Brigham Minerals from a “c+” rating to a “b” rating in a report on Monday, April 18th. Barclays increased their price objective on shares of Brigham Minerals from $29.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, June 14th. Raymond James increased their price objective on shares of Brigham Minerals from $41.00 to $44.00 in a report on Tuesday, May 24th. Wells Fargo & Company increased their price objective 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. Finally, Piper Sandler increased their price objective on shares of Brigham Minerals to $32.00 and gave the stock a “na” rating in a report on Wednesday, May 18th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brigham Minerals presently has a consensus rating of “Buy” and a consensus price target of $34.40.

A number of institutional investors and hedge funds have recently made changes to their positions in MNRL. HighTower Advisors LLC lifted its stake in Brigham Minerals by 34.5% during the third quarter. HighTower Advisors LLC now owns 27,716 shares of the company’s stock worth $532,000 after purchasing an additional 7,113 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Brigham Minerals by 875.6% during the third quarter. Dimensional Fund Advisors LP now owns 214,132 shares of the company’s stock worth $4,103,000 after purchasing an additional 192,184 shares during the last quarter. Invesco Ltd. lifted its stake in Brigham Minerals by 4.9% during the third quarter. Invesco Ltd. now owns 97,391 shares of the company’s stock worth $1,866,000 after purchasing an additional 4,553 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Brigham Minerals by 254.4% during the third quarter. Cubist Systematic Strategies LLC now owns 49,769 shares of the company’s stock worth $954,000 after purchasing an additional 35,725 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Brigham Minerals by 10.8% during the third quarter. Wellington Management Group LLP now owns 1,909,318 shares of the company’s stock worth $36,583,000 after purchasing an additional 186,202 shares during the last quarter. Hedge funds and other institutional investors own 68.81% of the company’s stock.

About Brigham Minerals (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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