Rahlfs Capital LLC acquired a new position in shares of Black Stone Minerals, L.P. (NYSE:BSM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 84,267 shares of the oil and gas producer's stock, valued at approximately $1,230,000. Black Stone Minerals accounts for about 1.1% of Rahlfs Capital LLC's investment portfolio, making the stock its 22nd biggest holding.
Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in Black Stone Minerals by 100.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,000 shares of the oil and gas producer's stock valued at $29,000 after buying an additional 1,000 shares during the period. JPMorgan Chase & Co. bought a new stake in Black Stone Minerals in the third quarter valued at about $76,000. Annandale Capital LLC lifted its stake in Black Stone Minerals by 5.5% during the fourth quarter. Annandale Capital LLC now owns 14,382 shares of the oil and gas producer's stock worth $210,000 after purchasing an additional 747 shares during the period. Corps Capital Advisors LLC acquired a new stake in Black Stone Minerals during the fourth quarter valued at approximately $231,000. Finally, Moody National Bank Trust Division lifted its position in shares of Black Stone Minerals by 35.2% during the 4th 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 period. Institutional investors and hedge funds own 14.49% of the company's stock.
Black Stone Minerals Stock Performance
Shares of NYSE BSM traded down $0.56 during trading on Thursday, reaching $13.69. The company had a trading volume of 174,637 shares, compared to its average volume of 457,080. The stock has a market cap of $2.89 billion, a PE ratio of 8.44 and a beta of 0.52. The business's 50 day moving average price is $14.88 and its 200-day moving average price is $14.91. Black Stone Minerals, L.P. has a 52 week low of $12.80 and a 52 week high of $16.92.
Black Stone Minerals (NYSE:BSM - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The oil and gas producer reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.21). The firm had revenue of $83.73 million during the quarter, compared to the consensus estimate of $115.46 million. Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. Equities analysts anticipate that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.
Black Stone Minerals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.50 annualized dividend and a yield of 10.96%. Black Stone Minerals's dividend payout ratio is currently 130.43%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Black Stone Minerals from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Royal Bank of Canada raised Black Stone Minerals to a "hold" rating in a report on Friday, March 14th. Finally, Piper Sandler raised their price target on Black Stone Minerals from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, March 6th.
Check Out Our Latest Stock Report on BSM
About Black Stone Minerals
(
Free Report)
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.
Read More
Before you consider Black Stone Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Black Stone Minerals wasn't on the list.
While Black Stone Minerals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
