Fidelity Management & Research Co has recently announced that it has increased stake in Brigham Minerals Inc. (NYSE:MNRL) by 0.17%. After grabbing 6.85 million shares, the institutional investor is now in possession of 11416.0 shares of the Energy Company. The new investment brought the stake of investor firm to 12.64% having worth around $212.29 million. Moreover, BlackRock Fund Advisors increased its share by 97813.0 to have a control over 3.14 million shares. And The Vanguard Group, Inc. raised its holdings to 42150.0 shares by acquiring 2.75 million shares or 5.07% of the stake.
Brigham Minerals Inc. (MNRL) concluded trading on 11/23/22 at a closing price of $35.13, with 0.47 million shares of worth about $16.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.46% during that period and on Wednesday the price saw a loss of about -0.85%. Currently the company’s common shares owned by public are about 53.94M shares, out of which, 52.10M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 142 times over the past 12 months. They bought 3,727,882 shares in 29 of the transactions. In 113 selling transactions, insiders dumped 6,597,506 shares.
Fidelity Small Cap Value Fund, Fidelity Comwlth. Tr. – Small Cap, and Horizon Kinetics Inflation Benefi are the top 3 mutual funds which are holding stakes in Brigham Minerals Inc. Fidelity Small Cap Value Fund is currently holding 3.13 million shares of worth totaling $97.03 million. The company recently came buying 0.0 shares which brought its stake up to 5.78% of the company’s outstanding shares. Horizon Kinetics Inflation Benefi, after buying 1.89 million shares, have now control over 3.48% of the stake in the company. It holds 0.0 shares of worth $58.45 million.
Brigham Minerals Inc. (NYSE: MNRL) started trading at $34.78, below -$0.65 from concluding price of the previous day. However, the stock later moved at a day high price of 35.64, or with a loss of -0.85%. Stock saw a price change of -0.96% in past 5 days and over the past one month there was a price change of 16.83%. Year-to-date (YTD), MNRL shares are showing a performance of 78.47% which increased to 68.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.08 but also hit the highest price of $35.83 during that period. The average intraday trading volume for Brigham Minerals Inc. shares is 460.83K. The stock is currently trading 7.01% above its 20-day simple moving average (SMA20), while that difference is up 19.88% for SMA50 and it goes to 33.73% higher than SMA200.
Fidelity Management & Research Co acquired 6.85 million shares of Brigham Minerals Inc. having value of about $212.29 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 11416.0 shares in the company valued at close to $401044.08, or have control over 0.17% stake in the company. Brigham Minerals Inc. (NYSE: MNRL) currently have 53.94M outstanding shares and institutions hold larger chunk of about 87.70% of that. Holding of mutual funds in the company is about 39.96% while other institutional holders and individual stake holders have control over 45.20% and 12.16% of the stake respectively.
The stock has a current market capitalization of $2.16B and its 3Y-monthly beta is at 1.86. PE ratio of stock for trailing 12 months is 14.47, while it has posted earnings per share of $2.43 in the same period. Its PEG reads 0.45 and has Quick Ratio of 4.60 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MNRL, volatility over the week remained 4.13% while standing at 4.04% over the month.
Analysts are in expectations that Brigham Minerals Inc. (MNRL) stock would likely to be making an EPS of $0.74 in the current quarter, while forecast for next quarter EPS is $0.74 and it is $2.72 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.5 which is $0.89 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 199.20% while it is estimated to decrease by -3.87% in next year. EPS is likely to shrink at an annualized rate of 32.10% for next 5-years, compared to annual growth of 36.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on October 25, 2022 offering a Hold rating for the stock and assigned a target price range of between $31 and $27 to it. On January 26, 2022, Piper Sandler Resumed their recommendations, while on September 03, 2021, Wells Fargo Downgrade their ratings for the stock with a price target of $19. Stock get an Overweight rating from Piper Sandler on December 04, 2020.