15,800 Shares in Black Stone Minerals, L.P. (NYSE:BSM) Acquired by Corps Capital Advisors LLC

Corps Capital Advisors LLC bought a new stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,800 shares of the oil and gas producer’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BSM. International Assets Investment Management LLC bought a new stake in Black Stone Minerals during the 3rd quarter valued at $8,240,000. JFS Wealth Advisors LLC bought a new stake in Black Stone Minerals during the 3rd quarter valued at $494,000. Fiducient Advisors LLC bought a new stake in Black Stone Minerals during the 3rd quarter valued at $12,253,000. Indie Asset Partners LLC bought a new stake in Black Stone Minerals during the 3rd quarter valued at $234,000. Finally, ING Groep NV raised its position in Black Stone Minerals by 5.9% during the 3rd quarter. ING Groep NV now owns 652,900 shares of the oil and gas producer’s stock valued at $9,859,000 after purchasing an additional 36,300 shares in the last quarter. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Trading Up 2.4 %

BSM opened at $15.33 on Thursday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 9.46 and a beta of 0.94. Black Stone Minerals, L.P. has a 12 month low of $13.78 and a 12 month high of $16.92. The stock has a fifty day moving average price of $14.77 and a 200-day moving average price of $14.86.

Black Stone Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 annualized dividend and a yield of 9.79%. Black Stone Minerals’s dividend payout ratio (DPR) is 92.59%.

Analyst Ratings Changes

BSM has been the subject of a number of research analyst reports. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler reduced their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, November 18th.

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.