Aristides Capital LLC Buys 2,661 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

Aristides Capital LLC grew its stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,396 shares of the oil and gas producer’s stock after buying an additional 2,661 shares during the period. Aristides Capital LLC’s holdings in Black Stone Minerals were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in Black Stone Minerals during the 3rd quarter worth approximately $76,000. Raymond James Financial Inc. purchased a new position in shares of Black Stone Minerals during the 4th quarter valued at $4,211,000. Penn Davis Mcfarland Inc. increased its holdings in shares of Black Stone Minerals by 18.1% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer’s stock worth $23,377,000 after purchasing an additional 245,009 shares during the period. Stifel Financial Corp raised its position in shares of Black Stone Minerals by 9.6% in the third quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer’s stock worth $2,624,000 after buying an additional 15,236 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake 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. 14.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Black Stone Minerals Stock Down 6.4 %

NYSE BSM opened at $13.96 on Friday. The stock’s 50-day simple moving average is $14.99 and its two-hundred day simple moving average is $14.95. Black Stone Minerals, L.P. has a twelve month low of $13.72 and a twelve month high of $16.92. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 8.62 and a beta of 0.52.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data 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 firm had revenue of $83.73 million for the quarter, compared to analysts’ expectations 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 analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Black Stone Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.74%. Black Stone Minerals’s dividend payout ratio (DPR) is 130.43%.

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.