Barclays PLC Decreases Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

Barclays PLC decreased its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 37,395 shares of the oil and gas producer’s stock after selling 2,530 shares during the period. Barclays PLC’s holdings in Black Stone Minerals were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in Black Stone Minerals during the 3rd quarter valued at approximately $76,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Black Stone Minerals by 64.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,738 shares of the oil and gas producer’s stock valued at $509,000 after acquiring an additional 13,204 shares during the last quarter. Moody National Bank Trust Division boosted 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 worth $276,000 after acquiring an additional 4,924 shares during the last quarter. Penn Davis Mcfarland Inc. lifted its position in Black Stone Minerals by 18.1% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer’s stock worth $23,377,000 after buying an additional 245,009 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake 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 worth $356,000 after purchasing an additional 1,774 shares during the period. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Stock Down 0.8 %

NYSE:BSM opened at $13.52 on Friday. Black Stone Minerals, L.P. has a 52-week low of $12.80 and a 52-week high of $16.48. The stock has a fifty day simple moving average of $14.56 and a 200-day simple moving average of $14.79. The company has a market capitalization of $2.85 billion, a PE ratio of 8.35 and a beta of 0.34.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $115.46 million. As a group, equities analysts anticipate that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.50 annualized dividend and a yield of 11.10%. Black Stone Minerals’s dividend payout ratio is currently 130.43%.

Analysts Set New Price Targets

Several brokerages have recently commented on BSM. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada raised Black Stone Minerals to a “hold” rating in a research report on Friday, March 14th. Finally, Piper Sandler decreased their price objective on Black Stone Minerals from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd.

Black Stone Minerals 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.