14,238 Shares in Black Stone Minerals, L.P. (NYSE:BSM) Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC acquired a new stake in Black Stone Minerals, L.P. (NYSE:BSM) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,238 shares of the oil and gas producer’s stock, valued at approximately $218,000.

Several other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp bought a new stake in shares of Black Stone Minerals in the fourth quarter valued at approximately $4,428,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Black Stone Minerals in the 4th quarter valued at approximately $411,000. Alpha Wealth Funds LLC bought a new stake in Black Stone Minerals during the 4th quarter valued at $359,000. Raymond James Financial Inc. purchased a new stake in shares of Black Stone Minerals during the fourth quarter worth $4,211,000. Finally, Cresset Asset Management LLC boosted its holdings in shares of Black Stone Minerals by 500.5% in the fourth quarter. Cresset Asset Management LLC now owns 596,853 shares of the oil and gas producer’s stock worth $8,714,000 after acquiring an additional 497,457 shares during the period. 14.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BSM shares. Wall Street Zen lowered Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Royal Bank Of Canada raised Black Stone Minerals to a “hold” rating in a report on Friday, March 14th. Finally, Piper Sandler lowered 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 Tuesday, May 13th.

Black Stone Minerals Stock Down 1.4%

BSM opened at $13.19 on Friday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 14.33 and a beta of 0.31. Black Stone Minerals, L.P. has a one year low of $12.80 and a one year high of $16.03. The company has a fifty day moving average price of $13.88 and a 200-day moving average price of $14.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.35 and a quick ratio of 1.35.

Black Stone Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 11.38%. The ex-dividend date was Thursday, May 8th. Black Stone Minerals’s payout ratio is 163.04%.

Insider Buying and Selling

In other Black Stone Minerals news, SVP Carrie Pearson Clark sold 36,900 shares of Black Stone Minerals stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $13.56, for a total transaction of $500,364.00. Following the completion of the sale, the senior vice president now directly owns 165,857 shares in the company, valued at $2,249,020.92. The trade was a 18.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas L. Carter, Jr. purchased 14,500 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $13.52 per share, for a total transaction of $196,040.00. Following the acquisition, the chief executive officer now directly owns 3,349,621 shares in the company, valued at approximately $45,286,875.92. The trade was a 0.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. 17.80% of the stock is owned by company insiders.

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.