Black Stone Minerals, L.P. (NYSE:BSM) Receives $13.00 Consensus PT from Analysts

Shares of Black Stone Minerals, L.P. (NYSE:BSM) have been assigned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.00.

A number of research analysts have issued reports on BSM shares. KeyCorp reissued a “sector weight” rating on shares of Black Stone Minerals in a research note on Tuesday, November 4th. Zacks Research lowered Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th.

Black Stone Minerals Trading Up 0.6%

Shares of BSM stock opened at $15.20 on Thursday. The firm’s fifty day simple moving average is $14.21 and its 200 day simple moving average is $13.39. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.22 billion, a P/E ratio of 13.21 and a beta of 0.18. Black Stone Minerals has a 1 year low of $11.78 and a 1 year high of $15.52.

Black Stone Minerals Dividend Announcement

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

Hedge Funds Weigh In On Black Stone Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSM. Doliver Advisors LP raised its stake in shares of Black Stone Minerals by 2.5% in the 4th quarter. Doliver Advisors LP now owns 35,024 shares of the oil and gas producer’s stock valued at $465,000 after purchasing an additional 850 shares during the period. Moors & Cabot Inc. raised its position in Black Stone Minerals by 1.4% in the 2nd quarter. Moors & Cabot Inc. now owns 63,000 shares of the oil and gas producer’s stock valued at $824,000 after buying an additional 900 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Black Stone Minerals by 61.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 900 shares in the last quarter. MAS Advisors LLC lifted its stake in Black Stone Minerals by 3.5% in the 3rd quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock valued at $356,000 after acquiring an additional 913 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its position in Black Stone Minerals by 8.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,416 shares of the oil and gas producer’s stock worth $150,000 after acquiring an additional 927 shares during the last quarter. 14.49% of the stock is owned by institutional investors and hedge funds.

Black Stone Minerals Company Profile

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.