News headlines about Black Stone Minerals (NYSE:BSM) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Black Stone Minerals earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.311662760196 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- Zacks: Analysts Expect Black Stone Minerals LP (BSM) Will Post Earnings of $0.24 Per Share (americanbankingnews.com)
- Zacks Investment Research Downgrades Black Stone Minerals (BSM) to Hold (americanbankingnews.com)
- Black Stone Minerals LP (BSM) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Black Stone Minerals (BSM) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
A number of equities research analysts have recently issued reports on BSM shares. Zacks Investment Research downgraded shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Stifel Nicolaus set a $18.00 target price on shares of Black Stone Minerals and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Finally, Barclays set a $18.00 price objective on shares of Black Stone Minerals and gave the stock a “buy” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Black Stone Minerals currently has a consensus rating of “Hold” and an average price target of $19.00.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.16%. Black Stone Minerals’s dividend payout ratio is 126.26%.
In other news, Director Alexander D. Stuart bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average cost of $17.43 per share, with a total value of $261,450.00. Following the completion of the purchase, the director now owns 335,234 shares of the company’s stock, valued at $5,843,128.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brock Morris sold 25,000 shares of Black Stone Minerals stock in a transaction on Monday, March 5th. The stock was sold at an average price of $17.31, for a total transaction of $432,750.00. Following the transaction, the senior vice president now directly owns 321,825 shares of the company’s stock, valued at $5,570,790.75. The disclosure for this sale can be found here. Insiders sold a total of 65,644 shares of company stock worth $1,168,941 over the last quarter. 25.00% of the stock is currently owned by corporate insiders.
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Black Stone Minerals Company Profile
Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.
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