Northwestern University Buys Shares of 1,086,025 Black Stone Minerals, L.P. $BSM

Northwestern University bought a new position in shares of Black Stone Minerals, L.P. (NYSE:BSM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,086,025 shares of the oil and gas producer’s stock, valued at approximately $15,671,000. Black Stone Minerals accounts for approximately 14.8% of Northwestern University’s investment portfolio, making the stock its 2nd largest holding.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Black Stone Minerals by 61.0% in the 4th quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 900 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Black Stone Minerals by 65.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,943 shares of the oil and gas producer’s stock valued at $66,000 after buying an additional 1,962 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Black Stone Minerals by 7,822.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer’s stock worth $95,000 after acquiring an additional 7,197 shares during the period. Astoria Portfolio Advisors LLC. acquired a new stake in Black Stone Minerals during the third quarter worth about $135,000. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Black Stone Minerals by 8.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 11,416 shares of the oil and gas producer’s stock worth $150,000 after acquiring an additional 927 shares during the last quarter. 14.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Black Stone Minerals

In other news, SVP Luke Stevens Putman sold 29,386 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $14.45, for a total transaction of $424,627.70. Following the completion of the transaction, the senior vice president directly owned 732,031 shares in the company, valued at approximately $10,577,847.95. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.80% of the company’s stock.

Black Stone Minerals Stock Up 1.9%

Black Stone Minerals stock opened at $13.90 on Friday. The company has a 50-day simple moving average of $14.94 and a 200-day simple moving average of $14.14. The firm has a market capitalization of $2.95 billion, a P/E ratio of 10.86 and a beta of 0.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.88 and a current ratio of 3.88. 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 released its quarterly earnings data on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $118.70 million for the quarter, compared to analysts’ expectations of $98.08 million. Black Stone Minerals had a net margin of 62.26% and a return on equity of 43.31%. As a group, equities analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 18th were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 8.6%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 93.75%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BSM. Piper Sandler lifted 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. Zacks Research cut Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Black Stone Minerals currently has an average rating of “Hold” and a consensus 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.