Insider Selling: Brigham Minerals, Inc. (NYSE:MNRL) Director Sells 59,390 Shares of Stock

Brigham Minerals, Inc. (NYSE:MNRLGet Rating) Director Pbra, Llc sold 59,390 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $28.15, for a total value of $1,671,828.50. The sale was disclosed in a document filed with the SEC, which is available through 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 value 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 value 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 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.

Brigham Minerals stock traded down $1.10 during mid-day trading on Thursday, reaching $24.10. 1,146,444 shares of the company were exchanged, compared to its average volume of 545,506. The company has a fifty day simple moving average of $28.03 and a 200-day simple moving average of $24.83. Brigham Minerals, Inc. has a 12 month low of $16.51 and a 12 month high of $33.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.55 and a quick ratio of 3.55. The firm has a market cap of $1.46 billion, a PE ratio of 15.75 and a beta of 1.94.

Brigham Minerals (NYSE:MNRLGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. Brigham Minerals had a return on equity of 10.56% and a net margin of 36.54%. The firm had revenue of $71.43 million for the quarter, compared to analyst estimates of $55.22 million. Sell-side analysts anticipate that Brigham Minerals, Inc. will post 2.89 earnings per share for the current year.

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

A number of institutional investors have recently bought and sold shares of MNRL. HighTower Advisors LLC increased its stake in Brigham Minerals by 34.5% during the 3rd quarter. HighTower Advisors LLC now owns 27,716 shares of the company’s stock worth $532,000 after acquiring an additional 7,113 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Brigham Minerals by 875.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 214,132 shares of the company’s stock valued at $4,103,000 after purchasing an additional 192,184 shares during the last quarter. Invesco Ltd. increased its stake in shares of Brigham Minerals by 4.9% in the 3rd quarter. Invesco Ltd. now owns 97,391 shares of the company’s stock valued at $1,866,000 after purchasing an additional 4,553 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Brigham Minerals by 254.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 49,769 shares of the company’s stock valued at $954,000 after purchasing an additional 35,725 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Brigham Minerals by 10.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,909,318 shares of the company’s stock valued at $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.

A number of analysts have recently issued reports on MNRL shares. Barclays raised their price objective on Brigham Minerals from $29.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Wells Fargo & Company increased their target price on Brigham Minerals from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, May 23rd. Raymond James increased their target price on Brigham Minerals from $41.00 to $44.00 in a research note on Tuesday, May 24th. TheStreet upgraded Brigham Minerals from a “c+” rating to a “b” rating in a research note on Monday, April 18th. Finally, KeyCorp increased their target price on Brigham Minerals from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, April 11th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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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