Fiducient Advisors LLC Invests $12.25 Million in Black Stone Minerals, L.P. (NYSE:BSM)

Fiducient Advisors LLC acquired a new stake in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 811,467 shares of the oil and gas producer's stock, valued at approximately $12,253,000. Black Stone Minerals makes up approximately 1.4% of Fiducient Advisors LLC's investment portfolio, making the stock its 20th largest position. Fiducient Advisors LLC owned approximately 0.39% of Black Stone Minerals as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Prevail Innovative Wealth Advisors LLC bought a new stake in Black Stone Minerals in the first quarter valued at $2,560,000. Magnolia Capital Advisors LLC purchased a new position in shares of Black Stone Minerals during the second quarter valued at about $2,480,000. GraniteShares Advisors LLC raised its stake in Black Stone Minerals by 14.2% in the second quarter. GraniteShares Advisors LLC now owns 121,795 shares of the oil and gas producer's stock worth $1,909,000 after buying an additional 15,188 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Black Stone Minerals by 21.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 33,915 shares of the oil and gas producer's stock valued at $531,000 after purchasing an additional 6,069 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Black Stone Minerals in the 2nd quarter valued at approximately $228,000. Institutional investors own 14.49% of the company's stock.

Black Stone Minerals Price Performance

Shares of NYSE BSM remained flat at $14.74 during midday trading on Thursday. 162,240 shares of the stock traded hands, compared to its average volume of 440,577. The company has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $15.36. Black Stone Minerals, L.P. has a 12-month low of $13.94 and a 12-month high of $18.55. The stock has a market capitalization of $3.32 billion, a PE ratio of 9.97 and a beta of 0.93.

Black Stone Minerals (NYSE:BSM - Get Free Report) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). Black Stone Minerals had a net margin of 64.88% and a return on equity of 37.93%. The company had revenue of $109.62 million for the quarter, compared to analysts' expectations of $124.24 million. During the same quarter last year, the firm posted $0.35 earnings per share. On average, analysts predict that Black Stone Minerals, L.P. will post 1.31 EPS for the current year.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a $0.375 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.50 annualized dividend and a yield of 10.18%. Black Stone Minerals's dividend payout ratio is currently 101.35%.

Insider Buying and Selling at Black Stone Minerals

In related news, SVP Carrie Pearson Clark sold 18,532 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $14.84, for a total transaction of $275,014.88. Following the transaction, the senior vice president now directly owns 116,923 shares in the company, valued at approximately $1,735,137.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Black Stone Minerals news, SVP Carrie Pearson Clark sold 18,532 shares of Black Stone Minerals stock in a transaction on Monday, August 26th. The stock was sold at an average price of $14.84, for a total transaction of $275,014.88. Following the completion of the sale, the senior vice president now directly owns 116,923 shares of the company's stock, valued at $1,735,137.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas L. Carter, Jr. purchased 100,000 shares of Black Stone Minerals stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $14.12 per share, with a total value of $1,412,000.00. Following the acquisition, the chief executive officer now owns 3,133,128 shares in the company, valued at approximately $44,239,767.36. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.60% of the company's stock.

Analyst Ratings Changes

BSM has been the topic of a number of recent research reports. StockNews.com raised Black Stone Minerals from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Piper Sandler dropped their price target on shares of Black Stone Minerals from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, August 15th.

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.