Corps Capital Advisors LLC Purchases Shares of 15,800 Black Stone Minerals, L.P. (NYSE:BSM)

Corps Capital Advisors LLC purchased a new stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,800 shares of the oil and gas producer’s stock, valued at approximately $231,000.

Several other large investors have also added to or reduced their stakes in the company. Cadence Bank grew its stake in Black Stone Minerals by 2.6% during the 3rd quarter. Cadence Bank now owns 27,650 shares of the oil and gas producer’s stock valued at $418,000 after purchasing an additional 689 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Black Stone Minerals by 7.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 24,378 shares of the oil and gas producer’s stock worth $356,000 after buying an additional 1,774 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Black Stone Minerals by 3.3% in the third quarter. Moors & Cabot Inc. now owns 93,450 shares of the oil and gas producer’s stock worth $1,411,000 after buying an additional 3,000 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Black Stone Minerals in the third quarter worth about $54,000. Finally, Moody National Bank Trust Division boosted its stake in shares of Black Stone Minerals by 35.2% in the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock worth $276,000 after buying an additional 4,924 shares during the last quarter. Hedge funds and other institutional investors own 14.49% of the company’s stock.

Wall Street Analyst Weigh In

BSM has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. StockNews.com upgraded Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Monday, December 16th.

Black Stone Minerals Stock Up 2.4 %

Shares of BSM opened at $15.33 on Thursday. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 9.46 and a beta of 0.94. Black Stone Minerals, L.P. has a 52 week low of $13.78 and a 52 week high of $16.92. The stock’s 50-day moving average price is $14.77 and its 200-day moving average price is $14.86.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a yield of 9.79%. Black Stone Minerals’s payout ratio is 92.59%.

Black Stone Minerals Profile

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.