Black Stone Minerals, L.P. $BSM Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 50.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,476 shares of the oil and gas producer’s stock after purchasing an additional 58,277 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Black Stone Minerals worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new position in shares of Black Stone Minerals during the 1st quarter valued at about $25,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Black Stone Minerals by 71.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,981 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 1,245 shares during the last quarter. Motco purchased a new stake in shares of Black Stone Minerals during the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC increased its holdings in shares of Black Stone Minerals by 7,822.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer’s stock worth $95,000 after buying an additional 7,197 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Black Stone Minerals in the 2nd quarter worth $132,000. 14.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BSM. KeyCorp restated a “sector weight” rating on shares of Black Stone Minerals in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a research report on Monday, December 15th. Finally, Zacks Research raised Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Black Stone Minerals currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Black Stone Minerals Stock Performance

Black Stone Minerals stock opened at $13.47 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 4.37. The firm’s fifty day moving average price is $13.58 and its 200 day moving average price is $13.07. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 11.71 and a beta of 0.11. Black Stone Minerals, L.P. has a 12-month low of $11.78 and a 12-month high of $15.60.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12. Black Stone Minerals had a return on equity of 40.08% and a net margin of 61.31%.The company had revenue of $132.47 million during the quarter, compared to the consensus estimate of $106.20 million. On average, research analysts forecast that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.

Black Stone Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, November 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.9%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 104.35%.

About Black Stone Minerals

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.