CoreCommodity Management LLC Purchases 2,226 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

CoreCommodity Management LLC boosted its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,782 shares of the oil and gas producer’s stock after purchasing an additional 2,226 shares during the quarter. CoreCommodity Management LLC’s holdings in Black Stone Minerals were worth $289,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BSM. Penn Davis Mcfarland Inc. increased its stake in Black Stone Minerals by 18.1% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer’s stock valued at $23,377,000 after purchasing an additional 245,009 shares in the last quarter. Investment Management Associates Inc. ADV increased its holdings in Black Stone Minerals by 30.8% during the 4th quarter. Investment Management Associates Inc. ADV now owns 1,544,182 shares of the oil and gas producer’s stock worth $22,545,000 after purchasing an additional 363,962 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Black Stone Minerals by 500.5% in the fourth quarter. Cresset Asset Management LLC now owns 596,853 shares of the oil and gas producer’s stock worth $8,714,000 after purchasing an additional 497,457 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Black Stone Minerals by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 408,918 shares of the oil and gas producer’s stock valued at $5,970,000 after purchasing an additional 4,090 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Black Stone Minerals during the fourth quarter valued at approximately $4,876,000. 14.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BSM has been the topic of several analyst reports. Piper Sandler cut their price target on shares of Black Stone Minerals from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. StockNews.com downgraded shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada raised Black Stone Minerals to a “hold” rating in a report on Friday, March 14th.

Black Stone Minerals Price Performance

Shares of BSM opened at $13.98 on Wednesday. Black Stone Minerals, L.P. has a 1-year low of $12.80 and a 1-year high of $16.92. The company has a market capitalization of $2.95 billion, a P/E ratio of 8.63 and a beta of 0.34. The firm’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $14.80.

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

Black Stone Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 10.73%. The ex-dividend date is Thursday, May 8th. Black Stone Minerals’s dividend payout ratio (DPR) is presently 130.43%.

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.