UBS Group AG Acquires 52,417 Shares of Black Stone Minerals, L.P. $BSM

UBS Group AG grew its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 613,105 shares of the oil and gas producer’s stock after acquiring an additional 52,417 shares during the quarter. UBS Group AG’s holdings in Black Stone Minerals were worth $8,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BSM. Farther Finance Advisors LLC boosted its position in shares of Black Stone Minerals by 61.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 900 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Black Stone Minerals by 65.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,943 shares of the oil and gas producer’s stock valued at $66,000 after acquiring an additional 1,962 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of 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 period. Arrow Investment Advisors LLC boosted its position in shares of Black Stone Minerals by 27.8% in the third quarter. Arrow Investment Advisors LLC now owns 13,986 shares of the oil and gas producer’s stock valued at $184,000 after acquiring an additional 3,043 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its position in shares of Black Stone Minerals by 39.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 15,885 shares of the oil and gas producer’s stock valued at $211,000 after acquiring an additional 4,469 shares during the period. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Stock Performance

Shares of NYSE BSM opened at $14.02 on Monday. The business has a fifty day simple moving average of $14.47 and a 200 day simple moving average of $14.27. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 11.04 and a beta of 0.07. Black Stone Minerals, L.P. has a one year low of $11.78 and a one year high of $15.49.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, May 4th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). The firm had revenue of $59.36 million during the quarter, compared to analyst estimates of $107.38 million. Black Stone Minerals had a net margin of 61.67% and a return on equity of 42.40%. Sell-side analysts expect that Black Stone Minerals, L.P. will post 0.93 EPS for the current year.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Friday, May 8th. Black Stone Minerals’s dividend payout ratio is presently 94.49%.

Insider Activity at Black Stone Minerals

In related news, Chairman Thomas L. Carter, Jr. acquired 25,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $13.47 per share, for a total transaction of $336,750.00. Following the completion of the purchase, the chairman directly owned 3,662,450 shares of the company’s stock, valued at $49,333,201.50. The trade was a 0.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ashley J. Longmaid sold 11,128 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $13.45, for a total value of $149,671.60. Following the transaction, the director owned 137,335 shares of the company’s stock, valued at $1,847,155.75. This represents a 7.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 68,878 shares of company stock worth $924,471 and sold 100,176 shares worth $1,440,066. 17.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BSM shares. Zacks Research cut Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Piper Sandler upped their target price on Black Stone Minerals from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Black Stone Minerals in a research note on Friday, April 24th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $14.00.

Black Stone Minerals 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.