Black Stone Minerals, L.P. $BSM Shares Sold by Kempner Capital Management Inc.

Kempner Capital Management Inc. lowered its stake in Black Stone Minerals, L.P. (NYSE:BSM) by 24.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 439,295 shares of the oil and gas producer’s stock after selling 142,833 shares during the quarter. Black Stone Minerals makes up about 5.8% of Kempner Capital Management Inc.’s holdings, making the stock its 2nd biggest position. Kempner Capital Management Inc. owned about 0.21% of Black Stone Minerals worth $6,194,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BSM. Bank of America Corp DE increased its position in Black Stone Minerals by 2.2% during the third quarter. Bank of America Corp DE now owns 2,600,182 shares of the oil and gas producer’s stock worth $34,166,000 after buying an additional 56,368 shares in the last quarter. Investment Management Associates Inc. ADV lifted its position in shares of Black Stone Minerals by 22.6% in the third quarter. Investment Management Associates Inc. ADV now owns 1,934,739 shares of the oil and gas producer’s stock valued at $25,422,000 after acquiring an additional 356,852 shares in the last quarter. Penn Davis Mcfarland Inc. boosted its stake in shares of Black Stone Minerals by 3.6% during the third quarter. Penn Davis Mcfarland Inc. now owns 1,918,790 shares of the oil and gas producer’s stock valued at $25,213,000 after acquiring an additional 66,898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Black Stone Minerals by 5.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 963,313 shares of the oil and gas producer’s stock valued at $12,600,000 after acquiring an additional 49,818 shares during the last quarter. Finally, Epacria Capital Partners LLC increased its position in Black Stone Minerals by 0.4% during the 3rd quarter. Epacria Capital Partners LLC now owns 580,716 shares of the oil and gas producer’s stock worth $7,631,000 after purchasing an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 14.49% of the company’s stock.

Insider Transactions at Black Stone Minerals

In related news, SVP Luke Stevens Putman sold 30,276 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.25, for a total transaction of $461,709.00. Following the completion of the transaction, the senior vice president owned 761,417 shares of the company’s stock, valued at approximately $11,611,609.25. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th. Piper Sandler lifted their price target on shares of Black Stone Minerals from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Zacks Research lowered shares of Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Black Stone Minerals Price Performance

BSM stock opened at $15.23 on Wednesday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 11.89 and a beta of 0.17. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 0.19. Black Stone Minerals, L.P. has a 52-week low of $11.78 and a 52-week high of $15.49. The stock’s fifty day simple moving average is $14.97 and its 200-day simple moving average is $13.95.

Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. Black Stone Minerals had a return on equity of 43.31% and a net margin of 62.26%.The firm had revenue of $118.70 million during the quarter, compared to analyst estimates of $98.08 million. Equities research analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Black Stone Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 18th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 7.9%. Black Stone Minerals’s dividend payout ratio (DPR) is currently 93.75%.

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.