Black Stone Minerals, L.P. (NYSE:BSM) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its stake in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) by 341.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,790 shares of the oil and gas producer's stock after buying an additional 44,700 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Black Stone Minerals were worth $844,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Black Stone Minerals during the third quarter worth about $76,000. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Black Stone Minerals by 65.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 275,638 shares of the oil and gas producer's stock worth $4,162,000 after purchasing an additional 109,500 shares during the period. ING Groep NV increased its stake in Black Stone Minerals by 5.9% in the 3rd quarter. ING Groep NV now owns 652,900 shares of the oil and gas producer's stock valued at $9,859,000 after buying an additional 36,300 shares during the period. Penn Davis Mcfarland Inc. raised its position in Black Stone Minerals by 18.1% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer's stock worth $23,377,000 after buying an additional 245,009 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Black Stone Minerals by 9.6% in the 3rd quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer's stock worth $2,624,000 after acquiring an additional 15,236 shares during the period. 14.49% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. StockNews.com downgraded Black Stone Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Piper Sandler boosted their price objective on shares of Black Stone Minerals from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th.

Black Stone Minerals Stock Up 1.2 %

Shares of Black Stone Minerals stock traded up $0.19 on Friday, hitting $15.04. The company's stock had a trading volume of 298,595 shares, compared to its average volume of 444,788. The company has a market capitalization of $3.17 billion, a P/E ratio of 9.28 and a beta of 0.92. Black Stone Minerals, L.P. has a 52-week low of $13.78 and a 52-week high of $16.92. The firm has a fifty day moving average price of $14.97 and a 200-day moving average price of $14.90.

Black Stone Minerals (NYSE:BSM - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share (EPS) 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 business had revenue of $83.73 million during the quarter, compared to analysts' expectations of $115.46 million. As a group, analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a $0.375 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.50 annualized dividend and a yield of 9.98%. 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.