Black Stone Minerals, L.P. $BSM Shares Acquired by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. grew its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 7.6% during the 2nd quarter, Holdings Channel reports. The fund owned 132,598 shares of the oil and gas producer’s stock after purchasing an additional 9,338 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Black Stone Minerals were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BSM. Penn Davis Mcfarland Inc. lifted its position in Black Stone Minerals by 16.3% during the first quarter. Penn Davis Mcfarland Inc. now owns 1,861,741 shares of the oil and gas producer’s stock valued at $28,429,000 after purchasing an additional 260,559 shares during the period. State of Wyoming lifted its holdings in shares of Black Stone Minerals by 370.4% in the 1st quarter. State of Wyoming now owns 34,491 shares of the oil and gas producer’s stock valued at $527,000 after buying an additional 27,158 shares during the period. Krane Funds Advisors LLC purchased a new stake in shares of Black Stone Minerals in the first quarter worth about $446,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Black Stone Minerals by 3,141.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 913,495 shares of the oil and gas producer’s stock worth $13,949,000 after acquiring an additional 885,311 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Black Stone Minerals by 1.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 395,880 shares of the oil and gas producer’s stock worth $6,045,000 after acquiring an additional 6,627 shares during the period. Hedge funds and other institutional investors own 14.49% of the company’s stock.

Insider Activity at Black Stone Minerals

In related news, CEO Thomas L. Carter, Jr. purchased 14,000 shares of Black Stone Minerals stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of $12.59 per share, for a total transaction of $176,260.00. Following the transaction, the chief executive officer directly owned 3,512,701 shares in the company, valued at approximately $44,224,905.59. This trade represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 163,080 shares of company stock worth $1,983,910 over the last three months. 17.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a report on Saturday, September 27th. Piper Sandler decreased their target price on shares of Black Stone Minerals from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Black Stone Minerals presently has an average rating of “Hold” and an average price target of $13.00.

Black Stone Minerals Stock Up 1.3%

Shares of BSM opened at $13.52 on Tuesday. The firm has a market cap of $2.86 billion, a P/E ratio of 11.65 and a beta of 0.24. Black Stone Minerals, L.P. has a 12 month low of $11.78 and a 12 month high of $15.66. The stock’s 50 day moving average is $12.56 and its two-hundred day moving average is $13.30. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.12.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.23. Black Stone Minerals had a return on equity of 39.67% and a net margin of 61.21%.The firm had revenue of $159.49 million for the quarter, compared to analyst estimates of $112.19 million. Analysts predict that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.30 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.20 annualized dividend and a dividend yield of 8.9%. Black Stone Minerals’s dividend payout ratio (DPR) is 103.45%.

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.