Fiduciary Group LLC Raises Stake in Black Stone Minerals, L.P. (NYSE:BSM)

Fiduciary Group LLC boosted its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 16.8% during the 4th quarter, HoldingsChannel reports. The firm owned 19,812 shares of the oil and gas producer’s stock after purchasing an additional 2,845 shares during the period. Fiduciary Group LLC’s holdings in Black Stone Minerals were worth $289,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Black Stone Minerals by 100.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,000 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Larson Financial Group LLC purchased a new position in Black Stone Minerals during the 3rd quarter worth $54,000. JPMorgan Chase & Co. purchased a new position in Black Stone Minerals during the 3rd quarter worth $76,000. Corps Capital Advisors LLC purchased a new stake in shares of Black Stone Minerals in the fourth quarter valued at about $231,000. Finally, Moody National Bank Trust Division boosted its holdings 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 valued at $276,000 after acquiring an additional 4,924 shares in the last quarter. 14.49% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Stock Down 0.0 %

Shares of NYSE:BSM opened at $15.35 on Friday. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 9.47 and a beta of 0.92. Black Stone Minerals, L.P. has a fifty-two week low of $13.78 and a fifty-two week high of $16.92. The firm’s 50-day simple moving average is $15.03 and its 200-day simple moving average is $14.91.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The company had revenue of $83.73 million for the quarter, compared to analyst estimates of $115.46 million. On average, research analysts forecast that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Black Stone Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.50 annualized dividend and a yield of 9.78%. Black Stone Minerals’s payout ratio is currently 130.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Black Stone Minerals from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. StockNews.com downgraded shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

About Black Stone Minerals

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.