Black Stone Minerals (NYSE:BSM) Director D Mark Dewalch Buys 36,363 Shares of Stock

Black Stone Minerals, L.P. (NYSE:BSM) Director D Mark Dewalch purchased 36,363 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $13.62 per share, with a total value of $495,264.06. Following the acquisition, the director directly owned 631,248 shares of the company’s stock, valued at $8,597,597.76. This represents a 6.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

D Mark Dewalch also recently made the following trade(s):

• On Friday, May 29th, D Mark Dewalch purchased 36,363 shares of Black Stone Minerals stock. The shares were bought at an average price of $13.48 per share, with a total value of $490,173.24.
• On Thursday, May 28th, D Mark Dewalch acquired 37,650 shares of Black Stone Minerals stock. The stock was acquired at an average price of $13.21 per share, with a total value of $497,356.50.

Black Stone Minerals Stock Down 0.3%

Shares of NYSE:BSM opened at $13.61 on Wednesday. The company has a market capitalization of $2.89 billion, a PE ratio of 10.72 and a beta of 0.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The business has a fifty day moving average price of $14.12 and a two-hundred day moving average price of $14.31. Black Stone Minerals, L.P. has a 1 year low of $11.78 and a 1 year high of $15.49.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). The business had revenue of $59.36 million during the quarter, compared to the consensus estimate of $107.38 million. Black Stone Minerals had a net margin of 61.67% and a return on equity of 42.40%. Analysts forecast that Black Stone Minerals, L.P. will post 0.92 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Friday, May 8th. Black Stone Minerals’s dividend payout ratio is 94.49%.

Analyst Upgrades and Downgrades

BSM has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on Black Stone Minerals in a research note on Friday. They issued a “sector perform” rating and a $16.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Black Stone Minerals in a research note on Friday, April 24th. Zacks Research downgraded Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Finally, Piper Sandler upped their price objective 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. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Black Stone Minerals has an average rating of “Reduce” and a consensus target price of $15.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BSM. Farther Finance Advisors LLC grew its stake in shares of Black Stone Minerals by 61.0% during the 4th 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. Axiom Investment Management LLC bought a new position in shares of Black Stone Minerals during the 1st quarter worth $37,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Black Stone Minerals during the 4th quarter worth $43,000. Newbridge Financial Services Group Inc. grew its stake 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 worth $66,000 after acquiring an additional 1,962 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Black Stone Minerals during the 1st quarter worth $83,000. Institutional investors own 14.49% of the company’s stock.

About Black Stone Minerals

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.