Brigham Minerals, Inc. (NYSE: MNRL – Get Rating) CEO Robert M. Roosa sold 6,250 shares in a trade that took place on Monday, June 6. The stock was sold at an average price of $31.94, for a total transaction of $199,625.00. As a result of the sale, the CEO now directly owns 406,965 shares of the company, valued at approximately $12,998,462.10. The transaction was disclosed in a filing with the SEC, accessible via this link.
NYSE MNRL traded down $0.19 on Wednesday, hitting $33.14. The company had a trading volume of 530,884 shares, compared to an average volume of 505,454. The company has a market capitalization of $2.01 billion, a PE ratio of 21.54 and a beta of 1.94. Brigham Minerals, Inc. has a 1-year low of $16.51 and a 1-year high of $33.64. The company has a 50-day moving average of $27.39 and a 200-day moving average of $24.21. The company has a debt ratio of 0.13, a current ratio of 3.55 and a quick ratio of 3.55.
The company also recently announced a None dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 20 received a dividend of $0.60 per share. This is a boost from Brigham Minerals’ previous None dividend of $0.14. This represents a dividend yield of 2.2%. The ex-dividend date was Thursday, May 19. Brigham Minerals’ dividend payout ratio is 41.83%.
Institutional investors have recently increased or reduced their stake in the company. Dimensional Fund Advisors LP increased its equity stake in Brigham Minerals to 875.6% during Q3. Dimensional Fund Advisors LP now owns 214,132 shares of the company valued at $4,103,000 after purchasing an additional 192,184 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Brigham Minerals shares by 97.0% during the 4th quarter. Qube Research & Technologies Ltd now owns 42,874 shares in the company valued at $904,000 after buying an additional 21,113 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Brigham Minerals by 254.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 49,769 shares of the company valued at $954,000 after purchasing an additional 35,725 shares in the last quarter. Moors & Cabot Inc. bought a new position in Brigham Minerals during the third quarter worth $225,000. Finally, Invesco Ltd. increased its stake in Brigham Minerals by 4.9% during the third quarter. Invesco Ltd. now owns 97,391 shares of the company worth $1,866,000 after purchasing an additional 4,553 shares in the last quarter. Institutional investors hold 68.81% of the company’s shares.
A number of analysts have recently released reports on the stock. Wells Fargo & Company raised its price target on Brigham Minerals shares from $29.00 to $30.00 and gave the stock an “equal weight” rating in a Monday, May 23 research report. TheStreet upgraded shares of Brigham Minerals from a “c+” rating to a “b” rating in a Monday, April 18 research report. KeyCorp raised its price target on Brigham Minerals from $25.00 to $28.00 and gave the stock an “overweight” rating in a Monday, April 11 report. Zacks Investment Research upgraded Brigham Minerals from a “hold” rating to a “strong-buy” rating and set a price target of $33.00 for the company in a Friday, May 27 report. Finally, Piper Sandler raised her price target on Brigham Minerals to $32.00 and gave the stock an “na” rating in a Wednesday, May 18 report. One analyst gave the stock a hold rating, two gave the stock a buy rating and two gave the stock a strong buy rating. According to MarketBeat.com, Brigham Minerals has an average rating of “Buy” and a consensus target price of $32.67.
Brigham Minerals Company Profile (Get an evaluation)
Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily owns mining and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; Southcentral Oklahoma Oil Province and Sooner Trend’s Canadian Anadarko Basin and Kingfisher Counties play in Oklahoma’s Anadarko Basin; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.
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