Black Stone Minerals, L.P. $BSM Holdings Cut by Kempner Capital Management Inc.

Kempner Capital Management Inc. trimmed its position in Black Stone Minerals, L.P. (NYSE:BSM) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 582,128 shares of the oil and gas producer’s stock after selling 177,215 shares during the period. Black Stone Minerals accounts for 6.4% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Kempner Capital Management Inc.’s holdings in Black Stone Minerals were worth $7,649,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of Black Stone Minerals in the first quarter worth $25,000. Newbridge Financial Services Group Inc. increased its stake in Black Stone Minerals by 71.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,981 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 1,245 shares during the last quarter. Motco purchased a new stake in shares of Black Stone Minerals in the 2nd quarter valued at about $46,000. Tower Research Capital LLC TRC boosted its position in shares of Black Stone Minerals by 7,822.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer’s stock valued at $95,000 after acquiring an additional 7,197 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Black Stone Minerals during the second quarter worth about $132,000. Institutional investors own 14.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BSM shares. Zacks Research raised shares of Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. KeyCorp reissued a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.00.

Black Stone Minerals Stock Down 0.5%

Shares of NYSE BSM opened at $13.34 on Friday. The stock has a market capitalization of $2.83 billion, a P/E ratio of 11.60 and a beta of 0.11. Black Stone Minerals, L.P. has a one year low of $11.78 and a one year high of $15.60. The firm’s 50 day simple moving average is $13.66 and its two-hundred day simple moving average is $13.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 4.37.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. The firm had revenue of $132.47 million during the quarter, compared to analyst estimates of $106.20 million. As a group, analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.

Black Stone Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, November 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 9.0%. The ex-dividend date was Thursday, November 6th. Black Stone Minerals’s dividend payout ratio is presently 104.35%.

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.