Black Stone Minerals (NYSE:BSM) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Black Stone Minerals (NYSE:BSM) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

BSM has been the topic of a number of other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th. KeyCorp reissued a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Black Stone Minerals Stock Performance

Black Stone Minerals stock opened at $14.85 on Wednesday. Black Stone Minerals has a fifty-two week low of $11.78 and a fifty-two week high of $15.52. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 12.91 and a beta of 0.18. The stock has a fifty day moving average of $14.11 and a two-hundred day moving average of $13.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.37 and a current ratio of 4.37.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.12. The business had revenue of $132.47 million for the quarter, compared to the consensus estimate of $106.20 million. Black Stone Minerals had a return on equity of 40.08% and a net margin of 61.31%. On average, analysts anticipate that Black Stone Minerals will post 1.36 EPS for the current fiscal year.

Black Stone Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Wednesday, February 18th. Black Stone Minerals’s dividend payout ratio is presently 104.35%.

Hedge Funds Weigh In On Black Stone Minerals

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in Black Stone Minerals by 61.0% during 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 during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Black Stone Minerals by 71.7% during 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 buying an additional 1,245 shares during the last quarter. Motco purchased a new position in shares of Black Stone Minerals in the 2nd quarter worth $46,000. Tower Research Capital LLC TRC boosted its holdings in Black Stone Minerals by 7,822.8% in the second 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. acquired a new position in Black Stone Minerals in the second quarter valued at $132,000. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Company Profile

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.