Guggenheim Capital LLC trimmed its position in Black Stone Minerals, L.P. (NYSE:BSM) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,875 shares of the oil and gas producer’s stock after selling 16,631 shares during the period. Guggenheim Capital LLC’s holdings in Black Stone Minerals were worth $293,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BSM. Morgan Stanley lifted its position in shares of Black Stone Minerals by 8.9% during the 3rd quarter. Morgan Stanley now owns 3,566,600 shares of the oil and gas producer’s stock valued at $21,900,000 after acquiring an additional 290,717 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Black Stone Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 801,080 shares of the oil and gas producer’s stock valued at $4,927,000 after acquiring an additional 308,516 shares during the last quarter. Kempner Capital Management Inc. lifted its position in shares of Black Stone Minerals by 5.8% during the 4th quarter. Kempner Capital Management Inc. now owns 449,616 shares of the oil and gas producer’s stock valued at $3,003,000 after acquiring an additional 24,500 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Black Stone Minerals during the 4th quarter valued at $2,832,000. Finally, Wells Fargo & Company MN raised its stake in Black Stone Minerals by 2.3% during the 4th quarter. Wells Fargo & Company MN now owns 394,634 shares of the oil and gas producer’s stock valued at $2,636,000 after purchasing an additional 8,777 shares during the period. Hedge funds and other institutional investors own 19.11% of the company’s stock.
BSM has been the topic of several analyst reports. TheStreet downgraded shares of Black Stone Minerals from a “b-” rating to a “c” rating in a research report on Thursday, March 18th. Zacks Investment Research upgraded shares of Black Stone Minerals from a “sell” rating to a “hold” rating in a report on Thursday, January 28th. Citigroup increased their target price on shares of Black Stone Minerals from $7.00 to $9.00 in a research note on Tuesday, January 19th. Finally, Raymond James raised their price target on shares of Black Stone Minerals from $12.00 to $13.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 4th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $9.80.
Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Sunday, February 21st. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $77.43 million during the quarter, compared to the consensus estimate of $86.01 million. Black Stone Minerals had a net margin of 31.42% and a return on equity of 16.85%. As a group, sell-side analysts predict that Black Stone Minerals, L.P. will post 0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 23rd. Stockholders of record on Tuesday, February 16th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.00%. This is a boost from Black Stone Minerals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 12th. Black Stone Minerals’s dividend payout ratio (DPR) is currently 60.34%.
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 1.7 million gross acres located in 41 states in the United States.
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