Black Stone Minerals (NYSE:BSM) Upgraded at StockNews.com

StockNews.com upgraded shares of Black Stone Minerals (NYSE:BSM) from a hold rating to a buy rating in a report published on Wednesday.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada upgraded shares of Black Stone Minerals to a “hold” rating in a research report on Friday, March 14th. Piper Sandler cut their price target on shares of Black Stone Minerals from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd.

Black Stone Minerals Stock Performance

NYSE BSM opened at $13.71 on Wednesday. Black Stone Minerals has a one year low of $12.80 and a one year high of $16.38. The firm has a market cap of $2.89 billion, a PE ratio of 8.46 and a beta of 0.34. The firm’s fifty day moving average is $14.54 and its two-hundred day moving average is $14.78.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, February 24th. The oil and gas producer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. The company had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $115.46 million. Research analysts predict that Black Stone Minerals will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 10.94%. Black Stone Minerals’s payout ratio is currently 130.43%.

Hedge Funds Weigh In On Black Stone Minerals

Large investors have recently made changes to their positions in the stock. Annandale Capital LLC increased its holdings in Black Stone Minerals by 5.5% in the fourth quarter. Annandale Capital LLC now owns 14,382 shares of the oil and gas producer’s stock valued at $210,000 after buying an additional 747 shares in the last quarter. Doliver Advisors LP increased its stake in Black Stone Minerals by 2.6% in the 1st quarter. Doliver Advisors LP now owns 31,734 shares of the oil and gas producer’s stock valued at $485,000 after purchasing an additional 791 shares in the last quarter. Vident Advisory LLC boosted its position in Black Stone Minerals by 2.7% during the fourth quarter. Vident Advisory LLC now owns 31,738 shares of the oil and gas producer’s stock worth $463,000 after purchasing an additional 846 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Black Stone Minerals by 100.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,000 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Fiduciary Group LLC grew its holdings in Black Stone Minerals by 7.1% in the first quarter. Fiduciary Group LLC now owns 21,218 shares of the oil and gas producer’s stock valued at $324,000 after purchasing an additional 1,406 shares during the last quarter. Hedge funds and other institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.