Black Stone Minerals (NYSE:BSM) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Black Stone Minerals (NYSE:BSM) from a buy rating to a hold rating in a research note released on Tuesday.

Separately, Piper Sandler cut their price target on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, November 18th.

Black Stone Minerals Trading Up 1.4 %

Black Stone Minerals stock opened at $15.16 on Tuesday. The company has a market capitalization of $3.19 billion, a P/E ratio of 9.35 and a beta of 0.94. The firm’s fifty day simple moving average is $14.81 and its 200-day simple moving average is $14.88. Black Stone Minerals has a 1-year low of $13.78 and a 1-year high of $16.92.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21). The business had revenue of $83.73 million for the quarter, compared to the consensus estimate of $115.46 million. Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. On average, equities research analysts predict that Black Stone Minerals will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were issued a $0.375 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.50 annualized dividend and a yield of 9.90%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 92.59%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BSM. International Assets Investment Management LLC bought a new position in Black Stone Minerals in the 3rd quarter worth $8,240,000. JFS Wealth Advisors LLC bought a new position in Black Stone Minerals in the 3rd quarter worth $494,000. Fiducient Advisors LLC bought a new position in Black Stone Minerals in the 3rd quarter worth $12,253,000. Indie Asset Partners LLC bought a new position in Black Stone Minerals in the 3rd quarter worth $234,000. Finally, ING Groep NV raised its holdings in Black Stone Minerals by 5.9% in the 3rd quarter. ING Groep NV now owns 652,900 shares of the oil and gas producer’s stock worth $9,859,000 after acquiring an additional 36,300 shares during the period. Institutional investors own 14.49% of the company’s stock.

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.