Rahlfs Capital LLC Makes New $1.23 Million Investment in Black Stone Minerals, L.P. (NYSE:BSM)

Rahlfs Capital LLC purchased a new stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 84,267 shares of the oil and gas producer’s stock, valued at approximately $1,230,000. Black Stone Minerals makes up 1.1% of Rahlfs Capital LLC’s portfolio, making the stock its 22nd biggest position.

A number of other large investors also recently bought and sold shares of BSM. Jones Financial Companies Lllp grew its position in Black Stone Minerals by 100.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,000 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 1,000 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Black Stone Minerals during the 3rd quarter valued at about $76,000. Annandale Capital LLC increased its stake in shares of Black Stone Minerals by 5.5% in the 4th quarter. Annandale Capital LLC now owns 14,382 shares of the oil and gas producer’s stock valued at $210,000 after purchasing an additional 747 shares in the last quarter. Corps Capital Advisors LLC purchased a new position in shares of Black Stone Minerals in the 4th quarter valued at about $231,000. Finally, Moody National Bank Trust Division raised its holdings in Black Stone Minerals by 35.2% in the 4th quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock worth $276,000 after purchasing an additional 4,924 shares during the period. 14.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BSM has been the topic of several research analyst reports. Royal Bank of Canada upgraded Black Stone Minerals to a “hold” rating in a research report on Friday, March 14th. StockNews.com lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Piper Sandler boosted their price target on Black Stone Minerals from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th.

Black Stone Minerals Trading Down 6.4 %

BSM stock opened at $13.96 on Friday. The firm has a 50-day moving average of $14.99 and a two-hundred day moving average of $14.95. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 8.62 and a beta of 0.92. Black Stone Minerals, L.P. has a 12 month low of $13.72 and a 12 month high of $16.92.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. The company had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $115.46 million. As a group, equities analysts forecast that Black Stone Minerals, L.P. 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. Shareholders 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 10.74%. Black Stone Minerals’s payout ratio is 130.43%.

Black Stone Minerals 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.