Black Stone Minerals, L.P. (NYSE:BSM) Given Consensus Recommendation of “Hold” by Brokerages

Black Stone Minerals, L.P. (NYSE:BSM) has been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several analysts recently commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th. Finally, Zacks Research downgraded Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th.

Black Stone Minerals Trading Up 0.6%

Shares of BSM stock opened at $15.20 on Thursday. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.12. Black Stone Minerals has a 12-month low of $11.78 and a 12-month high of $15.52. The stock has a market capitalization of $3.22 billion, a P/E ratio of 13.21 and a beta of 0.18. The firm’s 50 day moving average is $14.22 and its 200 day moving average is $13.42.

Black Stone Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 18th will be given a $0.30 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $1.20 annualized dividend and a yield of 7.9%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 104.35%.

Institutional Investors Weigh In On Black Stone Minerals

A number of hedge funds have recently modified their holdings of BSM. Doliver Advisors LP raised its holdings in Black Stone Minerals by 2.5% in the 4th quarter. Doliver Advisors LP now owns 35,024 shares of the oil and gas producer’s stock worth $465,000 after purchasing an additional 850 shares during the period. Moors & Cabot Inc. increased its position in Black Stone Minerals by 1.4% in the second quarter. Moors & Cabot Inc. now owns 63,000 shares of the oil and gas producer’s stock worth $824,000 after buying an additional 900 shares in the last quarter. Farther Finance Advisors LLC increased its position in Black Stone Minerals by 61.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 900 shares in the last quarter. MAS Advisors LLC raised its stake in shares of Black Stone Minerals by 3.5% in the third quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock worth $356,000 after buying an additional 913 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its position in shares of Black Stone Minerals by 8.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,416 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 927 shares in the last quarter. Institutional investors own 14.49% of the company’s stock.

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.