Annandale Capital LLC Increases Stock Position in Black Stone Minerals, L.P. (NYSE:BSM)

Annandale Capital LLC lifted its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,382 shares of the oil and gas producer’s stock after acquiring an additional 747 shares during the quarter. Annandale Capital LLC’s holdings in Black Stone Minerals were worth $210,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BSM. Hilltop Holdings Inc. increased its stake in shares of Black Stone Minerals by 47.3% during the third quarter. Hilltop Holdings Inc. now owns 19,300 shares of the oil and gas producer’s stock valued at $291,000 after purchasing an additional 6,200 shares in the last quarter. HighTower Advisors LLC increased its position in Black Stone Minerals by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 404,828 shares of the oil and gas producer’s stock valued at $6,113,000 after buying an additional 6,898 shares in the last quarter. Stifel Financial Corp raised its stake in Black Stone Minerals by 9.6% during the third quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer’s stock valued at $2,624,000 after buying an additional 15,236 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Black Stone Minerals in the third quarter worth $417,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Black Stone Minerals during the third quarter valued at $76,000. 14.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BSM shares. StockNews.com cut shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upgraded shares of Black Stone Minerals to a “hold” rating in a research note on Friday, March 14th. Finally, Piper Sandler raised their price target on shares of Black Stone Minerals from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th.

Black Stone Minerals Stock Performance

NYSE BSM opened at $13.96 on Friday. Black Stone Minerals, L.P. has a one year low of $13.72 and a one year high of $16.92. The stock has a 50-day moving average of $14.99 and a 200 day moving average of $14.95. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 8.62 and a beta of 0.92.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21). The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $115.46 million. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. On average, equities analysts predict that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a yield of 10.74%. Black Stone Minerals’s dividend payout ratio is presently 130.43%.

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.