Black Stone Minerals, L.P. (NYSE:BSM – Get Free Report) Chairman Thomas Carter, Jr. purchased 25,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $13.47 per share, with a total value of $336,750.00. Following the acquisition, the chairman owned 3,662,450 shares in the company, valued at approximately $49,333,201.50. The trade was a 0.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Black Stone Minerals Stock Performance
Shares of BSM stock opened at $13.50 on Wednesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 10.63 and a beta of 0.07. Black Stone Minerals, L.P. has a 52 week low of $11.78 and a 52 week high of $15.49. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $14.55 and a 200-day moving average of $14.26.
Black Stone Minerals (NYSE:BSM – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate 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 company had revenue of $59.36 million for the quarter, compared to analyst estimates of $107.38 million. On average, equities analysts forecast that Black Stone Minerals, L.P. will post 0.93 earnings per share for the current year.
Black Stone Minerals Dividend Announcement
Institutional Investors Weigh In On Black Stone Minerals
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Doliver Advisors LP lifted its stake in Black Stone Minerals by 2.5% in the fourth quarter. Doliver Advisors LP now owns 35,024 shares of the oil and gas producer’s stock worth $465,000 after acquiring an additional 850 shares during the period. Farther Finance Advisors LLC lifted its stake in Black Stone Minerals by 61.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 900 shares during the period. MAS Advisors LLC lifted its stake in Black Stone Minerals by 3.5% in the third quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock worth $356,000 after acquiring an additional 913 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Black Stone Minerals by 3.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 30,000 shares of the oil and gas producer’s stock worth $394,000 after acquiring an additional 1,000 shares during the period. Finally, WMG Financial Advisors LLC lifted its stake in Black Stone Minerals by 6.3% in the fourth quarter. WMG Financial Advisors LLC now owns 16,750 shares of the oil and gas producer’s stock worth $223,000 after acquiring an additional 1,000 shares during the period. 14.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Black Stone Minerals in a research note on Friday, April 24th. Piper Sandler lifted their target price on Black Stone Minerals from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Zacks Research cut Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Black Stone Minerals has a consensus rating of “Reduce” and a consensus target price of $14.00.
View Our Latest Research Report on Black Stone Minerals
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.
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