Black Stone Minerals LP (NYSE:BSM) CEO Thomas L. Carter, Jr. bought 10,800 shares of Black Stone Minerals stock in a transaction on Monday, November 14th. The shares were acquired at an average cost of $17.83 per share, for a total transaction of $192,564.00. Following the completion of the acquisition, the chief executive officer now directly owns 480,106 shares in the company, valued at $8,560,289.98. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Black Stone Minerals LP (NYSE:BSM) opened at 17.3625 on Tuesday. Black Stone Minerals LP has a 12 month low of $10.71 and a 12 month high of $19.65. The stock has a 50 day moving average of $17.78 and a 200-day moving average of $16.45. The firm’s market cap is $3.32 billion.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, November 17th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Tuesday, November 15th. Black Stone Minerals’s payout ratio is -958.25%.

Large investors have recently made changes to their positions in the company. Franklin Street Advisors Inc. NC increased its stake in shares of Black Stone Minerals by 40.0% in the second quarter. Franklin Street Advisors Inc. NC now owns 28,000 shares of the company’s stock worth $434,000 after buying an additional 8,000 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Black Stone Minerals by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 508,794 shares of the company’s stock worth $7,128,000 after buying an additional 29,241 shares during the last quarter. Lucas Capital Management increased its stake in shares of Black Stone Minerals by 16.1% in the second quarter. Lucas Capital Management now owns 181,334 shares of the company’s stock worth $2,811,000 after buying an additional 25,117 shares during the last quarter. Gruss & Co. Inc. increased its stake in shares of Black Stone Minerals by 232.4% in the second quarter. Gruss & Co. Inc. now owns 232,656 shares of the company’s stock worth $3,606,000 after buying an additional 162,656 shares during the last quarter. Finally, Global X Management Co. LLC purchased a new stake in shares of Black Stone Minerals during the second quarter worth about $333,000. 16.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on BSM. Zacks Investment Research lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Stifel Nicolaus boosted their target price on shares of Black Stone Minerals from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, November 9th. Finally, Barclays PLC boosted their target price on shares of Black Stone Minerals from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, August 16th.

About Black Stone Minerals

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is managing its existing portfolio of mineral and royalty assets to maximize its value and expanding its asset base through acquisitions of additional mineral and royalty interests.

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