Fiducient Advisors LLC Sells 234,641 Shares of Black Stone Minerals, L.P. $BSM

Fiducient Advisors LLC decreased its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 49.2% in the 4th quarter, HoldingsChannel reports. The firm owned 242,548 shares of the oil and gas producer’s stock after selling 234,641 shares during the quarter. Fiducient Advisors LLC’s holdings in Black Stone Minerals were worth $3,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lummis Asset Management LP lifted its position in Black Stone Minerals by 0.7% during the fourth quarter. Lummis Asset Management LP now owns 343,043 shares of the oil and gas producer’s stock worth $4,508,000 after purchasing an additional 2,280 shares during the period. Americana Partners LLC lifted its position in Black Stone Minerals by 212.4% during the fourth quarter. Americana Partners LLC now owns 126,427 shares of the oil and gas producer’s stock worth $1,680,000 after purchasing an additional 85,956 shares during the period. Cullen Frost Bankers Inc. lifted its position in Black Stone Minerals by 154.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 143,484 shares of the oil and gas producer’s stock worth $1,907,000 after purchasing an additional 87,172 shares during the period. Novare Capital Management LLC bought a new stake in Black Stone Minerals during the fourth quarter worth about $191,000. Finally, AlphaCore Capital LLC lifted its position in Black Stone Minerals by 40.8% during the fourth quarter. AlphaCore Capital LLC now owns 130,962 shares of the oil and gas producer’s stock worth $1,740,000 after purchasing an additional 37,932 shares during the period. Institutional investors own 14.49% of the company’s stock.

Insider Transactions at Black Stone Minerals

In other news, Chairman Thomas L. Carter, Jr. acquired 25,000 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $13.47 per share, with a total value of $336,750.00. Following the completion of the purchase, the chairman directly owned 3,662,450 shares of the company’s stock, valued at $49,333,201.50. This represents a 0.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director D Mark Dewalch acquired 37,650 shares of the stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $13.21 per share, with a total value of $497,356.50. Following the purchase, the director directly owned 431,495 shares of the company’s stock, valued at $5,700,048.95. This trade represents a 9.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 106,528 shares of company stock worth $1,421,828 and sold 100,176 shares worth $1,440,066. 17.80% of the stock is owned by company insiders.

Black Stone Minerals Stock Performance

Black Stone Minerals stock opened at $13.33 on Friday. The business has a 50 day moving average of $14.20 and a 200-day moving average of $14.31. Black Stone Minerals, L.P. has a 1 year low of $11.78 and a 1 year high of $15.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $2.83 billion, a P/E ratio of 10.49 and a beta of 0.07.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.19). Black Stone Minerals had a net margin of 61.67% and a return on equity of 42.40%. The firm had revenue of $59.36 million during the quarter, compared to analyst estimates of $107.38 million. On average, equities research analysts predict that Black Stone Minerals, L.P. will post 0.93 earnings per share for the current year.

Black Stone Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.20 annualized dividend and a dividend yield of 9.0%. Black Stone Minerals’s dividend payout ratio is currently 94.49%.

Analysts Set New Price Targets

BSM has been the subject of several recent analyst reports. Zacks Research cut shares of Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Piper Sandler boosted their target price on Black Stone Minerals from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Black Stone Minerals in a research note on Friday, April 24th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $14.00.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.