Black Stone Minerals, L.P. (NYSE:BSM) Stock Holdings Reduced by Macquarie Group Ltd.

Macquarie Group Ltd. cut its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 10.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,651 shares of the oil and gas producer’s stock after selling 19,638 shares during the period. Macquarie Group Ltd. owned 0.08% of Black Stone Minerals worth $2,552,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BSM. Morgan Stanley boosted its holdings in Black Stone Minerals by 144.9% in the fourth quarter. Morgan Stanley now owns 4,004,701 shares of the oil and gas producer’s stock worth $67,559,000 after purchasing an additional 2,369,656 shares in the last quarter. UBS Group AG boosted its stake in shares of Black Stone Minerals by 12,416.2% during the 1st quarter. UBS Group AG now owns 1,587,809 shares of the oil and gas producer’s stock worth $21,372,000 after acquiring an additional 1,575,123 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Black Stone Minerals by 239.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,152,661 shares of the oil and gas producer’s stock valued at $19,445,000 after acquiring an additional 812,840 shares during the last quarter. Epacria Capital Partners LLC bought a new position in shares of Black Stone Minerals in the 4th quarter valued at approximately $12,149,000. Finally, Natixis lifted its holdings in Black Stone Minerals by 97.9% in the 4th quarter. Natixis now owns 1,409,600 shares of the oil and gas producer’s stock worth $23,780,000 after purchasing an additional 697,400 shares during the last quarter. Institutional investors own 13.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com began coverage on shares of Black Stone Minerals in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Raymond James started coverage on shares of Black Stone Minerals in a research report on Monday, July 24th. They set an “outperform” rating and a $21.00 target price for the company. 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 research report on Monday, August 14th.

Black Stone Minerals Stock Up 0.7 %

Shares of BSM stock opened at $17.47 on Tuesday. Black Stone Minerals, L.P. has a 12 month low of $13.41 and a 12 month high of $20.24. The firm has a market cap of $3.93 billion, a PE ratio of 6.93 and a beta of 1.04. The stock has a 50 day moving average of $17.14 and a 200-day moving average of $16.23.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, July 31st. The oil and gas producer reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Black Stone Minerals had a return on equity of 48.98% and a net margin of 75.74%. The business had revenue of $117.00 million for the quarter, compared to analyst estimates of $116.33 million. As a group, equities analysts predict that Black Stone Minerals, L.P. will post 1.86 EPS for the current fiscal year.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 11th were issued a dividend of $0.475 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 10.88%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 75.40%.

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 16.8 million gross acres, and overriding royalty interests in 1.8 million gross acres located in 41 states in the United States.