Black Stone Minerals (NYSE:BSM) Chairman Thomas Carter, Jr. Purchases 1,120 Shares

Black Stone Minerals, L.P. (NYSE:BSM) Chairman Thomas Carter, Jr. bought 1,120 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $15,120.00. Following the transaction, the chairman owned 3,682,724 shares in the company, valued at approximately $49,716,774. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Black Stone Minerals Stock Performance

Shares of NYSE:BSM opened at $13.76 on Friday. The company’s 50 day moving average price is $14.49 and its two-hundred day moving average price is $14.27. Black Stone Minerals, L.P. has a 12-month low of $11.78 and a 12-month high of $15.49. The firm has a market cap of $2.92 billion, a PE ratio of 10.83 and a beta of 0.07. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24.

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

Black Stone Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 8th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 8th. This represents a $1.20 annualized dividend and a dividend yield of 8.7%. Black Stone Minerals’s dividend payout ratio (DPR) is currently 94.49%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Black Stone Minerals

Several large investors have recently modified their holdings of the business. Doliver Advisors LP raised its stake in shares of Black Stone Minerals by 2.5% during the fourth quarter. Doliver Advisors LP now owns 35,024 shares of the oil and gas producer’s stock valued at $465,000 after acquiring an additional 850 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 valued at $32,000 after acquiring an additional 900 shares during the last quarter. MAS Advisors LLC raised its stake in shares of Black Stone Minerals by 3.5% during the third quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock valued at $356,000 after acquiring an additional 913 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Black Stone Minerals by 3.4% during the third quarter. Avidian Wealth Enterprises LLC now owns 30,000 shares of the oil and gas producer’s stock valued at $394,000 after acquiring an additional 1,000 shares during the last quarter. Finally, WMG Financial Advisors LLC raised its stake in shares of Black Stone Minerals by 6.3% during the fourth quarter. WMG Financial Advisors LLC now owns 16,750 shares of the oil and gas producer’s stock valued at $223,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors 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.