Brigham Minerals, Inc. (NYSE:MNRL – Get Rating) Director Pbra, Llc sold 389,626 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $29.37, for a total transaction of $11,443,315.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 21st, Pbra, Llc sold 134,248 shares of Brigham Minerals stock. The stock was 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 stock was sold at an average price of $24.27, for a total value of $5,288,530.08.
• On Wednesday, March 16th, Pbra, Llc sold 47,431 shares of Brigham Minerals stock. The stock was sold at an average price of $24.05, for a total value of $1,140,715.55.
• On Monday, March 14th, Pbra, Llc sold 135,337 shares of Brigham Minerals stock. The stock was sold at an average price of $24.64, for a total value of $3,334,703.68.
• On Friday, March 11th, Pbra, Llc sold 62,231 shares of Brigham Minerals stock. The shares were sold at an average price of $25.03, for a total value of $1,557,641.93.
• On Wednesday, March 9th, Pbra, Llc sold 81,287 shares of Brigham Minerals stock. The shares were sold at an average price of $25.28, for a total value of $2,054,935.36.
• On Monday, March 7th, Pbra, Llc sold 102,002 shares of Brigham Minerals stock. The shares were sold at an average price of $27.20, for a total value of $2,774,454.40.

Shares of MNRL stock traded down $0.09 during trading hours on Tuesday, hitting $30.31. 562,358 shares of the company’s stock were exchanged, compared to its average volume of 497,937. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.83 billion, a P/E ratio of 19.81 and a beta of 1.96. The firm has a 50 day moving average of $26.69 and a two-hundred day moving average of $23.89. Brigham Minerals, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $31.17.

The firm also recently announced 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%. This is an increase from Brigham Minerals’s previous None dividend of $0.14. The ex-dividend date was Thursday, May 19th. Brigham Minerals’s dividend payout ratio is presently 41.83%.

Several hedge funds have recently made changes to their positions in MNRL. Barclays PLC raised its stake in shares of Brigham Minerals by 61.2% during the 3rd quarter. Barclays PLC now owns 70,764 shares of the company’s stock worth $1,355,000 after buying an additional 26,864 shares during the period. Alliancebernstein L.P. raised its stake in Brigham Minerals by 50.8% in the 3rd quarter. Alliancebernstein L.P. now owns 58,347 shares of the company’s stock valued at $1,118,000 after purchasing an additional 19,647 shares during the last quarter. American Century Companies Inc. raised its stake in Brigham Minerals by 14.3% in the 3rd quarter. American Century Companies Inc. now owns 49,857 shares of the company’s stock valued at $955,000 after purchasing an additional 6,226 shares during the last quarter. Geode Capital Management LLC raised its stake in Brigham Minerals by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 696,081 shares of the company’s stock valued at $13,336,000 after purchasing an additional 15,949 shares during the last quarter. Finally, Epoch Investment Partners Inc. acquired a new position in Brigham Minerals in the 3rd quarter valued at $13,194,000. 68.81% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on MNRL. Zacks Investment Research upgraded Brigham Minerals from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Friday. KeyCorp upped their target price on Brigham Minerals from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. TheStreet raised Brigham Minerals from a “c+” rating to a “b” rating in a report on Monday, April 18th. Barclays boosted their price target on Brigham Minerals from $25.00 to $29.00 in a report on Thursday, April 28th. Finally, Piper Sandler boosted their price target on Brigham Minerals to $32.00 and gave the company a “na” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.67.

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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