150,245 Shares in Black Stone Minerals, L.P. (NYSE:BSM) Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC acquired a new position in shares of Black Stone Minerals, L.P. (NYSE:BSM) during the 4th quarter, Holdings Channel.com reports. The firm acquired 150,245 shares of the oil and gas producer’s stock, valued at approximately $2,194,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in Black Stone Minerals in the third quarter worth about $54,000. JPMorgan Chase & Co. purchased a new position in shares of Black Stone Minerals in the 3rd quarter worth approximately $76,000. Indie Asset Partners LLC bought a new position in shares of Black Stone Minerals during the 3rd quarter worth approximately $234,000. Corps Capital Advisors LLC purchased a new stake in Black Stone Minerals during the fourth quarter valued at approximately $231,000. Finally, Moody National Bank Trust Division boosted its stake in Black Stone Minerals by 35.2% in the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock valued at $276,000 after acquiring an additional 4,924 shares in the last quarter. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Trading Up 2.4 %

Shares of Black Stone Minerals stock opened at $15.33 on Thursday. The firm’s 50 day simple moving average is $14.77 and its two-hundred day simple moving average is $14.86. The firm has a market capitalization 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.

Black Stone Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a yield of 9.79%. Black Stone Minerals’s dividend payout ratio is currently 92.59%.

Analyst Ratings Changes

Several brokerages have recently commented on BSM. StockNews.com upgraded Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Piper Sandler decreased their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a research note 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.