Investment Management Associates Inc. ADV Acquires 363,962 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

Investment Management Associates Inc. ADV grew its position in Black Stone Minerals, L.P. (NYSE:BSM) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,544,182 shares of the oil and gas producer’s stock after acquiring an additional 363,962 shares during the period. Black Stone Minerals comprises about 9.8% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 2nd largest holding. Investment Management Associates Inc. ADV’s holdings in Black Stone Minerals were worth $22,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BSM. Larson Financial Group LLC bought a new position in shares of Black Stone Minerals in the 3rd quarter valued at about $54,000. JPMorgan Chase & Co. bought a new stake in shares of Black Stone Minerals during the 3rd quarter worth about $76,000. Corps Capital Advisors LLC bought a new stake in shares of Black Stone Minerals during the 4th quarter worth about $231,000. Indie Asset Partners LLC bought a new stake in shares of Black Stone Minerals during the 3rd quarter worth about $234,000. Finally, Moody National Bank Trust Division boosted its holdings in shares of Black Stone Minerals by 35.2% during the 4th quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock worth $276,000 after buying an additional 4,924 shares during the period. Institutional investors own 14.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BSM. StockNews.com raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Piper Sandler cut their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, November 18th.

Black Stone Minerals Trading Down 0.9 %

Shares of NYSE:BSM opened at $15.19 on Friday. The firm has a 50 day moving average of $14.78 and a 200-day moving average of $14.87. The stock has a market capitalization of $3.20 billion, a PE ratio of 9.37 and a beta of 0.94. Black Stone Minerals, L.P. has a 12 month low of $13.78 and a 12 month high of $16.92.

Black Stone Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date is Tuesday, February 18th. Black Stone Minerals’s dividend payout ratio is 92.59%.

Black Stone Minerals Company Profile

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.