The Attractiveness of Investing In Brigham Minerals Inc. (MNRL) is Growing


In a filing, Brigham Minerals Inc. revealed its Chief Executive Officer Roosa Robert M. unloaded Company’s shares for reported $0.18 million on Sep 06. In the deal valued at $28.48 per share,6,250 shares were sold. As a result of this transaction, Roosa Robert M. now holds 400,715 shares worth roughly $ 12.71 million.

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Then, PBRA, LLC sold 41,503 shares, generating $1,046,428 in total proceeds. Upon selling the shares at $25.21, the Director now owns 0 shares.

Before that, PBRA, LLC sold 40,472 shares. Brigham Minerals Inc. shares valued at $1,075,485 were divested by the Director at a price of $26.57 per share. As a result of the transaction, PBRA, LLC now holds 0 shares, worth roughly $0.0.

Stifel downgraded its Brigham Minerals Inc. [MNRL] rating to a Hold from a a Buy in a research note published on Friday, October 25, 2022; the price target was decreased to $27 from $31. PT values the company’s stock at a premium of -17.48 to its Friday closing price. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”a Sector weight”‘ rating. Wells Fargo revised its rating on September 03, 2021. It rated MNRL as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of MNRL

On Friday, Brigham Minerals Inc. [NYSE:MNRL] saw its stock jump 3.86% to $31.72. On the same session, the stock had its day’s lowest price of $30.89, but rose to a high of $33.27. Over the last five days, the stock has gained 4.27%. Brigham Minerals Inc. shares have risen nearly 58.25% since the year began. Nevertheless, the stocks have risen 44.36% over the past one year. While a 52-week high of $32.93 was reached on 06/08/22, a 52-week low of $18.41 was recorded on 01/24/22. SMA at 50 days reached $28.26, while 200 days put it at $26.50. A total of 0.52 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For MNRL Stock

The 24-hour chart illustrates a support level at 30.65, which if violated will result in even more drops to 29.58. On the upside, there is a resistance level at 33.03. A further resistance level may holdings at 34.34. The Relative Strength Index (RSI) on the 14-day chart is 66.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.39%. Stochastics %K at 61.18% indicates the stock is a holding.

How much short interest is there in Brigham Minerals Inc.?

A steep rise in short interest was recorded in Brigham Minerals Inc. stocks on Jul 14, 2022, growing by 0.6 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.4 million shares. There was a rise of 30.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.39% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.65.

Brigham Minerals Inc. [MNRL] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 6,836,606 shares, or roughly 12.62% of the outstanding MNRL shares. In other words, the investor’s shares have fallen by -9,835 from its previous 13-F filing of 6846441.0. Additionally, Wellington Management Co. LLP increased 38.43% of its stake after which the total value it holdings stand at $140,905,073, while BlackRock Fund Advisors reduced -1.80% of its stake to hold $75.01 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 184,527 shares of Brigham Minerals Inc., while SSgA Funds Management, Inc. bought 673,822 shares. At present, Horizon Kinetics Asset Management is holding 2,243,428 shares valued at $55.35 million. Westwood Management Corp. owned 2,165,913 shares of the company at the time of its most recent 13F filing, worth $53.43 million.


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