Hilltop National Bank Takes Position in Black Stone Minerals, L.P. (NYSE:BSM)

Hilltop National Bank bought a new position in Black Stone Minerals, L.P. (NYSE:BSM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,100 shares of the oil and gas producer’s stock, valued at approximately $177,000.

A number of other large investors have also recently made changes to their positions in BSM. Bogart Wealth LLC bought a new position in Black Stone Minerals during the 1st quarter valued at about $26,000. HBC Financial Services PLLC bought a new position in Black Stone Minerals during the 4th quarter valued at about $31,000. Newbridge Financial Services Group Inc. grew its holdings in Black Stone Minerals by 279.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,036 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 2,236 shares during the last quarter. Arlington Trust Co LLC bought a new position in Black Stone Minerals during the 4th quarter valued at about $100,000. Finally, SG Americas Securities LLC bought a new position in Black Stone Minerals during the 1st quarter valued at about $102,000. 14.49% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Price Performance

BSM stock traded up $0.02 during mid-day trading on Friday, reaching $15.62. The company had a trading volume of 221,553 shares, compared to its average volume of 331,776. The company has a market capitalization of $3.29 billion, a PE ratio of 10.14 and a beta of 0.93. The firm has a 50 day moving average of $15.88 and a 200 day moving average of $15.90. Black Stone Minerals, L.P. has a 12 month low of $14.88 and a 12 month high of $18.55.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, May 6th. The oil and gas producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The company had revenue of $105.49 million during the quarter, compared to the consensus estimate of $119.50 million. Black Stone Minerals had a return on equity of 38.71% and a net margin of 66.29%. Analysts anticipate that Black Stone Minerals, L.P. will post 1.37 EPS for the current year.

Black Stone Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.50 dividend on an annualized basis and a yield of 9.60%. Black Stone Minerals’s dividend payout ratio is currently 97.40%.

Wall Street Analyst Weigh In

Separately, KeyCorp started coverage on shares of Black Stone Minerals in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.33.

Black Stone Minerals Company Profile

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.