Virtu Financial LLC Makes New Investment in Black Stone Minerals, L.P. (NYSE:BSM)

Virtu Financial LLC acquired a new position in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,374 shares of the oil and gas producer's stock, valued at approximately $502,000.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in Black Stone Minerals by 100.0% during 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 in the last quarter. 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. purchased a new position in shares of Black Stone Minerals in the 3rd quarter worth approximately $76,000. Corps Capital Advisors LLC bought a new position in shares of Black Stone Minerals during the 4th quarter worth approximately $231,000. Finally, Moody National Bank Trust Division lifted its position in Black Stone Minerals by 35.2% during 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 during the last quarter. Hedge funds and other institutional investors own 14.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BSM. Piper Sandler raised their price target on Black Stone Minerals from $14.00 to $16.00 and gave the stock 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 research report on Tuesday, February 25th. Finally, Royal Bank of Canada upgraded shares of Black Stone Minerals to a "hold" rating in a research note on Friday, March 14th.

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Black Stone Minerals Trading Down 0.4 %

Shares of BSM stock traded down $0.06 during trading hours on Friday, hitting $15.23. The company's stock had a trading volume of 216,424 shares, compared to its average volume of 453,441. The company has a 50 day moving average of $15.03 and a 200 day moving average of $14.95. Black Stone Minerals, L.P. has a 12-month low of $13.78 and a 12-month high of $16.92. The stock has a market cap of $3.22 billion, a PE ratio of 9.40 and a beta of 0.92.

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 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. As a group, analysts anticipate that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a $0.375 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a yield of 9.85%. Black Stone Minerals's dividend payout ratio is currently 130.43%.

Black Stone Minerals Company 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.