Black Stone Minerals, L.P. $BSM Position Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in Black Stone Minerals, L.P. (NYSE:BSM) by 50.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 174,476 shares of the oil and gas producer’s stock after buying an additional 58,277 shares during the period. Corient Private Wealth LLC’s holdings in Black Stone Minerals were worth $2,282,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Black Stone Minerals in the 2nd quarter valued at approximately $175,721,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Black Stone Minerals by 3,141.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 913,495 shares of the oil and gas producer’s stock worth $13,949,000 after purchasing an additional 885,311 shares during the period. Kempner Capital Management Inc. boosted its holdings in shares of Black Stone Minerals by 52.3% in the 2nd quarter. Kempner Capital Management Inc. now owns 759,343 shares of the oil and gas producer’s stock valued at $9,932,000 after buying an additional 260,727 shares during the period. Jump Financial LLC bought a new stake in shares of Black Stone Minerals during the 2nd quarter valued at about $1,230,000. Finally, Investment Management Associates Inc. ADV raised its stake in Black Stone Minerals by 2.8% during the second quarter. Investment Management Associates Inc. ADV now owns 1,577,887 shares of the oil and gas producer’s stock worth $20,639,000 after acquiring an additional 42,553 shares during the period. Institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Price Performance

Shares of NYSE BSM opened at $13.47 on Tuesday. The stock has a market cap of $2.85 billion, a P/E ratio of 11.71 and a beta of 0.11. The firm’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $13.07. Black Stone Minerals, L.P. has a fifty-two week low of $11.78 and a fifty-two week high of $15.60. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 0.12.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The company had revenue of $132.47 million during the quarter, compared to analyst estimates of $106.20 million. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. Equities analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, November 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.20 annualized dividend and a yield of 8.9%. Black Stone Minerals’s dividend payout ratio (DPR) is currently 104.35%.

Wall Street Analysts Forecast Growth

BSM has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Black Stone Minerals in a research report on Monday, December 15th. Zacks Research raised Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, KeyCorp reissued a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.00.

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.