Canada Pension Plan Investment Board acquired a new position in Brigham Minerals, Inc. (NYSE:MNRL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 143,700 shares of the company’s stock, valued at approximately $1,579,000. Canada Pension Plan Investment Board owned about 0.25% of Brigham Minerals at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Brigham Minerals by 21.4% during the 4th quarter. BlackRock Inc. now owns 3,645,782 shares of the company’s stock worth $40,069,000 after acquiring an additional 642,152 shares during the period. Morgan Stanley grew its holdings in Brigham Minerals by 23,851.2% during the 4th quarter. Morgan Stanley now owns 1,989,869 shares of the company’s stock worth $21,868,000 after acquiring an additional 1,981,561 shares during the period. Peregrine Capital Management LLC grew its holdings in Brigham Minerals by 93.0% during the 4th quarter. Peregrine Capital Management LLC now owns 661,231 shares of the company’s stock worth $7,267,000 after acquiring an additional 318,583 shares during the period. Northern Trust Corp grew its holdings in Brigham Minerals by 8.1% during the 4th quarter. Northern Trust Corp now owns 443,836 shares of the company’s stock worth $4,878,000 after acquiring an additional 33,338 shares during the period. Finally, Kennedy Capital Management Inc. grew its holdings in Brigham Minerals by 19.0% during the 4th quarter. Kennedy Capital Management Inc. now owns 297,088 shares of the company’s stock worth $3,265,000 after acquiring an additional 47,521 shares during the period. 70.57% of the stock is owned by hedge funds and other institutional investors.
In other Brigham Minerals news, Director W Howard Keenan, Jr. sold 3,975 shares of the stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $16.35, for a total transaction of $64,991.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 11,854 shares of the stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $14.37, for a total transaction of $170,341.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,470 shares of company stock worth $1,573,277. Insiders own 3.35% of the company’s stock.
Shares of MNRL stock opened at $15.57 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.13 and a current ratio of 4.13. The firm’s 50-day moving average is $15.33 and its 200-day moving average is $12.23. The stock has a market cap of $883.22 million, a price-to-earnings ratio of -778.50 and a beta of 2.45. Brigham Minerals, Inc. has a 52-week low of $8.05 and a 52-week high of $17.05.
Brigham Minerals (NYSE:MNRL) last released its quarterly earnings results on Thursday, February 25th. The company reported ($0.87) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.93). The company had revenue of $23.76 million during the quarter, compared to the consensus estimate of $25.15 million. Brigham Minerals had a negative net margin of 3.67% and a positive return on equity of 1.70%. Sell-side analysts predict that Brigham Minerals, Inc. will post 0.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 19th were issued a $0.26 dividend. This is a boost from Brigham Minerals’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend was Thursday, March 18th. Brigham Minerals’s dividend payout ratio is currently 182.46%.
Brigham Minerals Company Profile
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 Permian Basin 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.
Further Reading: Percentage Decliners
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