Annandale Capital LLC Increases Stock Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

Annandale Capital LLC boosted its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,382 shares of the oil and gas producer’s stock after buying an additional 747 shares during the period. Annandale Capital LLC’s holdings in Black Stone Minerals were worth $210,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Penn Davis Mcfarland Inc. grew its position in Black Stone Minerals by 18.1% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer’s stock worth $23,377,000 after acquiring an additional 245,009 shares in the last quarter. Investment Management Associates Inc. ADV raised its holdings in shares of 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 valued at $22,545,000 after buying an additional 363,962 shares in the last quarter. HighTower Advisors LLC lifted its position in Black Stone Minerals by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 408,918 shares of the oil and gas producer’s stock worth $5,970,000 after buying an additional 4,090 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Black Stone Minerals in the fourth quarter worth approximately $4,211,000. Finally, Stifel Financial Corp grew its position in Black Stone Minerals by 9.6% during the third quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer’s stock valued at $2,624,000 after acquiring an additional 15,236 shares during the last quarter. Institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Stock Down 6.4 %

Shares of Black Stone Minerals stock opened at $13.96 on Friday. The company’s fifty day simple moving average is $14.99 and its two-hundred day simple moving average is $14.95. Black Stone Minerals, L.P. has a 12-month low of $13.72 and a 12-month high of $16.92. The firm has a market cap of $2.95 billion, a PE ratio of 8.62 and a beta of 0.92.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.21). The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $115.46 million. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. As a group, sell-side analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Stone Minerals’s payout ratio is currently 130.43%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BSM. StockNews.com cut shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada upgraded Black Stone Minerals to a “hold” rating in a report on Friday, March 14th. Finally, Piper Sandler lifted their price target on Black Stone Minerals from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th.

About Black Stone Minerals

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.