Black Stone Minerals, L.P. (NYSE:BSM) Given Average Recommendation of “Hold” by Analysts

Black Stone Minerals, L.P. (NYSE:BSM) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.00.

A number of research firms have weighed in on BSM. Zacks Research downgraded Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Piper Sandler boosted their price objective on Black Stone Minerals from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th.

Black Stone Minerals Trading Down 1.4%

Shares of NYSE:BSM opened at $15.22 on Monday. The company has a 50 day moving average of $14.56 and a 200-day moving average of $13.69. The firm has a market cap of $3.23 billion, a P/E ratio of 11.89 and a beta of 0.17. Black Stone Minerals has a twelve month low of $11.78 and a twelve month high of $15.52. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 0.19.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Black Stone Minerals had a net margin of 62.26% and a return on equity of 43.31%. The business had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $98.08 million. As a group, analysts anticipate that Black Stone Minerals will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 18th were given a $0.30 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.20 annualized dividend and a yield of 7.9%. Black Stone Minerals’s payout ratio is 93.75%.

Insiders Place Their Bets

In other news, SVP Luke Stevens Putman sold 30,276 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $15.25, for a total transaction of $461,709.00. Following the completion of the transaction, the senior vice president owned 761,417 shares in the company, valued at approximately $11,611,609.25. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Black Stone Minerals

A number of institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in shares of Black Stone Minerals by 61.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 900 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Black Stone Minerals by 71.7% during the second 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 in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Black Stone Minerals in the 4th quarter valued at approximately $43,000. Kestra Advisory Services LLC acquired a new position in Black Stone Minerals in the 4th quarter valued at approximately $86,000. Finally, Tower Research Capital LLC TRC lifted its position in Black Stone Minerals by 7,822.8% in 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 in the last quarter. Hedge funds and other institutional investors own 14.49% of the company’s stock.

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.