International Assets Investment Management LLC Has $3.57 Million Stock Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

International Assets Investment Management LLC increased its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 1,296.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 223,647 shares of the oil and gas producer’s stock after purchasing an additional 207,634 shares during the period. International Assets Investment Management LLC’s holdings in Black Stone Minerals were worth $3,569,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Cadence Bank lifted its position in shares of Black Stone Minerals by 2.8% during the 3rd quarter. Cadence Bank now owns 24,896 shares of the oil and gas producer’s stock worth $429,000 after purchasing an additional 670 shares during the last quarter. Ronald Blue Trust Inc. increased its stake in Black Stone Minerals by 3.0% during the third quarter. Ronald Blue Trust Inc. now owns 26,628 shares of the oil and gas producer’s stock valued at $425,000 after acquiring an additional 767 shares during the period. Harbour Investments Inc. increased its stake in Black Stone Minerals by 21.4% during the second quarter. Harbour Investments Inc. now owns 4,372 shares of the oil and gas producer’s stock valued at $70,000 after acquiring an additional 772 shares during the period. BCS Wealth Management increased its stake in Black Stone Minerals by 7.3% during the fourth quarter. BCS Wealth Management now owns 11,643 shares of the oil and gas producer’s stock valued at $186,000 after acquiring an additional 792 shares during the period. Finally, Linscomb & Williams Inc. increased its stake in Black Stone Minerals by 7.3% during the first quarter. Linscomb & Williams Inc. now owns 11,801 shares of the oil and gas producer’s stock valued at $159,000 after acquiring an additional 801 shares during the period. Institutional investors and hedge funds own 14.49% of the company’s stock.

Analysts Set New Price Targets

BSM has been the topic of several research reports. Piper Sandler boosted their price target on Black Stone Minerals from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Stifel Nicolaus lowered their price target on Black Stone Minerals from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd.

Insider Buying and Selling

In other Black Stone Minerals news, Director D Mark Dewalch purchased 3,250 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $15.47 per share, for a total transaction of $50,277.50. Following the transaction, the director now directly owns 320,436 shares in the company, valued at $4,957,144.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.60% of the stock is owned by corporate insiders.

Black Stone Minerals Trading Up 1.2 %

BSM stock opened at $15.72 on Thursday. Black Stone Minerals, L.P. has a 1-year low of $14.80 and a 1-year high of $18.55. The firm has a market cap of $3.31 billion, a P/E ratio of 8.41 and a beta of 0.92. The business’s 50 day moving average is $15.73 and its 200-day moving average is $16.50.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. Black Stone Minerals had a return on equity of 42.38% and a net margin of 70.46%. The company had revenue of $190.84 million for the quarter, compared to analyst estimates of $142.67 million. During the same period in the prior year, the company posted $0.71 EPS. Sell-side analysts forecast that Black Stone Minerals, L.P. will post 1.42 EPS for the current year.

Black Stone Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.90 dividend on an annualized basis and a yield of 12.09%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 101.60%.

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.