Black Stone Minerals, L.P. (NYSE:BSM) Position Raised by NBC Securities Inc.

NBC Securities Inc. increased its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 202,400.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025 shares of the oil and gas producer’s stock after purchasing an additional 2,024 shares during the period. NBC Securities Inc.’s holdings in Black Stone Minerals were worth $30,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BSM. Corps Capital Advisors LLC bought a new stake in Black Stone Minerals during the fourth quarter worth approximately $231,000. LMG Wealth Partners LLC bought a new stake in Black Stone Minerals during the fourth quarter worth approximately $2,194,000. Investment Management Associates Inc. ADV raised its holdings in Black Stone Minerals by 30.8% during the fourth quarter. Investment Management Associates Inc. ADV now owns 1,544,182 shares of the oil and gas producer’s stock worth $22,545,000 after purchasing an additional 363,962 shares in the last quarter. Colonial River Investments LLC raised its holdings in Black Stone Minerals by 10.2% during 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, GraniteShares Advisors LLC raised its holdings in Black Stone Minerals by 16.2% during the fourth quarter. GraniteShares Advisors LLC now owns 169,027 shares of the oil and gas producer’s stock worth $2,468,000 after purchasing an additional 23,610 shares in the last quarter. Institutional investors own 14.49% of the company’s stock.

Insider Buying and Selling at Black Stone Minerals

In other news, CEO Thomas L. Carter, Jr. acquired 14,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were purchased at an average cost of $13.52 per share, for a total transaction of $196,040.00. Following the transaction, the chief executive officer now owns 3,349,621 shares in the company, valued at approximately $45,286,875.92. This trade represents a 0.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carrie Pearson Clark sold 36,900 shares of Black Stone Minerals stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $13.56, for a total transaction of $500,364.00. Following the transaction, the senior vice president now owns 165,857 shares in the company, valued at approximately $2,249,020.92. The trade was a 18.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.80% of the stock is owned by corporate insiders.

Black Stone Minerals Stock Performance

NYSE BSM opened at $13.95 on Friday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 8.61 and a beta of 0.31. Black Stone Minerals, L.P. has a 1 year low of $12.80 and a 1 year high of $16.03. The business’s fifty day moving average is $13.89 and its two-hundred day moving average is $14.54.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 10.75%. Black Stone Minerals’s dividend payout ratio is currently 163.04%.

Wall Street Analysts Forecast Growth

BSM has been the topic of several recent analyst reports. Wall Street Zen cut Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Royal Bank of Canada raised Black Stone Minerals to a “hold” rating in a report on Friday, March 14th. Finally, Piper Sandler dropped their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th.

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.