HighTower Advisors LLC Acquires 4,090 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

HighTower Advisors LLC raised its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 408,918 shares of the oil and gas producer’s stock after acquiring an additional 4,090 shares during the quarter. HighTower Advisors LLC owned approximately 0.19% of Black Stone Minerals worth $5,970,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Black Stone Minerals by 100.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,000 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC bought a new stake in shares of Black Stone Minerals in the 3rd quarter valued at about $54,000. JPMorgan Chase & Co. acquired a new stake in shares of Black Stone Minerals in the third quarter valued at about $76,000. Corps Capital Advisors LLC bought a new position in shares of Black Stone Minerals during the fourth quarter worth about $231,000. Finally, Moody National Bank Trust Division lifted 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 acquiring an additional 4,924 shares during the period. Institutional investors own 14.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Black Stone Minerals Price Performance

NYSE BSM opened at $15.19 on Wednesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 9.37 and a beta of 0.92. The business has a 50 day simple moving average of $15.01 and a 200 day simple moving average of $14.90. Black Stone Minerals, L.P. has a one year low of $13.78 and a one year high of $16.92.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data 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 net margin of 67.54% and a return on equity of 41.49%. The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $115.46 million. Equities analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.

Black Stone Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.88%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 130.43%.

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.