Black Stone Minerals, L.P. (NYSE:BSM) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 897,934 shares of the oil and gas producer's stock after selling 46,788 shares during the period. Brown Advisory Inc. owned approximately 0.43% of Black Stone Minerals worth $13,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of Black Stone Minerals during the 3rd quarter valued at $76,000. Raymond James Financial Inc. acquired a new position in shares of Black Stone Minerals during the fourth quarter worth about $4,211,000. Penn Davis Mcfarland Inc. boosted its position 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 buying an additional 245,009 shares during the period. LPL Financial LLC grew its stake in shares of Black Stone Minerals by 13.5% in the fourth quarter. LPL Financial LLC now owns 136,076 shares of the oil and gas producer's stock valued at $1,987,000 after buying an additional 16,174 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Black Stone Minerals by 100.0% during the 4th 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BSM. Royal Bank of Canada raised shares of Black Stone Minerals to a "hold" rating in a research report on Friday, March 14th. Piper Sandler dropped their price target on shares of Black Stone Minerals from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com raised shares of Black Stone Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday.

Black Stone Minerals Price Performance

BSM traded up $0.16 during trading on Friday, hitting $13.71. The company had a trading volume of 321,815 shares, compared to its average volume of 440,893. Black Stone Minerals, L.P. has a 1-year low of $12.80 and a 1-year high of $16.38. The company has a market cap of $2.89 billion, a PE ratio of 8.46 and a beta of 0.34. The business has a 50-day moving average of $14.54 and a 200-day moving average of $14.78.

Black Stone Minerals (NYSE:BSM - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The company had revenue of $83.73 million for the quarter, compared to the consensus estimate of $115.46 million. Research analysts forecast that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 10.94%. The ex-dividend date of this dividend is Thursday, May 8th. Black Stone Minerals's dividend payout ratio (DPR) is presently 130.43%.

About Black Stone Minerals

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.