36,390 Shares in Black Stone Minerals, L.P. $BSM Acquired by Alps Advisors Inc.

Alps Advisors Inc. acquired a new stake in Black Stone Minerals, L.P. (NYSE:BSM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 36,390 shares of the oil and gas producer’s stock, valued at approximately $478,000.

Several other large investors have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of Black Stone Minerals by 7.0% during the first quarter. Royal Bank of Canada now owns 119,894 shares of the oil and gas producer’s stock worth $1,831,000 after acquiring an additional 7,818 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Black Stone Minerals during the 2nd quarter worth $132,000. Tweedy Browne Co LLC purchased a new position in Black Stone Minerals during the 2nd quarter worth $273,000. Motco acquired a new position in Black Stone Minerals in the second quarter valued at $46,000. Finally, Investment Management Associates Inc. ADV raised its holdings in shares of Black Stone Minerals by 2.8% in the second quarter. Investment Management Associates Inc. ADV now owns 1,577,887 shares of the oil and gas producer’s stock valued at $20,639,000 after buying an additional 42,553 shares during the last quarter. 14.49% of the stock is owned by institutional investors and hedge funds.

Black Stone Minerals Price Performance

Black Stone Minerals stock opened at $15.20 on Friday. The company has a market cap of $3.22 billion, a P/E ratio of 13.21 and a beta of 0.18. Black Stone Minerals, L.P. has a one year low of $11.78 and a one year high of $15.52. The business has a fifty day moving average of $14.21 and a two-hundred day moving average of $13.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.37 and a current ratio of 4.37.

Black Stone Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 18th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.9%. Black Stone Minerals’s dividend payout ratio is currently 104.35%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BSM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th. Finally, Zacks Research lowered Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

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.