Investment Management Associates Inc. ADV Grows Stock Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

Investment Management Associates Inc. ADV increased its stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,544,182 shares of the oil and gas producer’s stock after purchasing an additional 363,962 shares during the quarter. Black Stone Minerals comprises about 9.8% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 2nd biggest position. Investment Management Associates Inc. ADV owned 0.73% of Black Stone Minerals worth $22,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BSM. Cadence Bank boosted its stake in Black Stone Minerals by 2.6% in the third quarter. Cadence Bank now owns 27,650 shares of the oil and gas producer’s stock valued at $418,000 after acquiring an additional 689 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Black Stone Minerals by 7.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 24,378 shares of the oil and gas producer’s stock valued at $356,000 after acquiring an additional 1,774 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Black Stone Minerals by 3.3% in the third quarter. Moors & Cabot Inc. now owns 93,450 shares of the oil and gas producer’s stock valued at $1,411,000 after acquiring an additional 3,000 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Black Stone Minerals during the third quarter worth $54,000. Finally, Moody National Bank Trust Division boosted its position in shares of Black Stone Minerals by 35.2% during the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock worth $276,000 after purchasing an additional 4,924 shares in the last quarter. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Stock Down 0.9 %

Shares of NYSE:BSM opened at $15.19 on Friday. Black Stone Minerals, L.P. has a 12 month low of $13.78 and a 12 month high of $16.92. The company’s fifty day simple moving average is $14.78 and its 200 day simple moving average is $14.87. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 9.37 and a beta of 0.94.

Black Stone Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.88%. Black Stone Minerals’s payout ratio is 92.59%.

Analyst Ratings Changes

BSM has been the topic of a number of recent analyst reports. StockNews.com raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler dropped their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, November 18th.

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.