Invesco Ltd. Sells 6,779 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

Invesco Ltd. reduced its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,554 shares of the oil and gas producer’s stock after selling 6,779 shares during the period. Invesco Ltd.’s holdings in Black Stone Minerals were worth $1,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Annandale Capital LLC increased its position in Black Stone Minerals by 5.5% during the 4th 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 in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 worth $29,000 after purchasing an additional 1,000 shares during the period. Flagship Harbor Advisors LLC boosted its position in Black Stone Minerals by 7.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 24,378 shares of the oil and gas producer’s stock valued at $356,000 after acquiring an additional 1,774 shares during the last quarter. Colonial River Investments LLC increased its holdings in Black Stone Minerals by 10.2% in the fourth quarter. Colonial River Investments LLC now owns 19,415 shares of the oil and gas producer’s stock worth $283,000 after purchasing an additional 1,790 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in Black Stone Minerals by 10.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 19,415 shares of the oil and gas producer’s stock worth $283,000 after acquiring an additional 1,790 shares in the last quarter. 14.49% of the stock is currently owned by institutional investors.

Black Stone Minerals Stock Up 1.9 %

NYSE BSM opened at $14.38 on Friday. The firm’s 50-day simple moving average is $14.66 and its two-hundred day simple moving average is $14.82. Black Stone Minerals, L.P. has a 52 week low of $12.80 and a 52 week high of $16.92. The company has a market cap of $3.04 billion, a PE ratio of 8.88 and a beta of 0.52.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, February 24th. The oil and gas producer reported $0.18 EPS 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 during the quarter, compared to the consensus estimate of $115.46 million. As a group, equities research analysts anticipate that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Black Stone Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 10.43%. The ex-dividend date is Thursday, May 8th. Black Stone Minerals’s payout ratio is 130.43%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BSM. 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 research report on Friday, March 14th. Finally, Piper Sandler cut their price target on shares of Black Stone Minerals from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd.

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.