GSA Capital Partners LLP grew its stake in shares of Black Stone Minerals LP (NYSE:BSM) by 31.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,498 shares of the oil and gas producer’s stock after acquiring an additional 26,250 shares during the period. GSA Capital Partners LLP owned about 0.05% of Black Stone Minerals worth $1,976,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of BSM. Tower Research Capital LLC TRC raised its stake in Black Stone Minerals by 176.9% in the second quarter. Tower Research Capital LLC TRC now owns 15,791 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 10,089 shares in the last quarter. California Public Employees Retirement System bought a new position in Black Stone Minerals in the second quarter worth approximately $323,000. Royal Bank of Canada raised its stake in Black Stone Minerals by 100.5% in the first quarter. Royal Bank of Canada now owns 41,899 shares of the oil and gas producer’s stock worth $694,000 after buying an additional 21,000 shares in the last quarter. Welch & Forbes LLC raised its stake in Black Stone Minerals by 222.2% in the third quarter. Welch & Forbes LLC now owns 50,598 shares of the oil and gas producer’s stock worth $921,000 after buying an additional 34,892 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Black Stone Minerals by 75.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 70,000 shares of the oil and gas producer’s stock worth $1,294,000 after buying an additional 30,000 shares in the last quarter. 14.23% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on BSM. Zacks Investment Research raised shares of Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Stifel Nicolaus set a $21.00 price objective on shares of Black Stone Minerals and gave the stock a “buy” rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.50.
NYSE BSM opened at $16.75 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.02. Black Stone Minerals LP has a 12-month low of $16.26 and a 12-month high of $19.29. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 16.58 and a beta of 0.47.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 14th were issued a $0.37 dividend. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend was Tuesday, November 13th. Black Stone Minerals’s payout ratio is currently 146.53%.
Black Stone Minerals Company Profile
Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.
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