Fiducient Advisors LLC Has $3.22 Million Position in Black Stone Minerals, L.P. $BSM

Key Points

• Fiducient Advisors LLC cut its Black Stone Minerals stake by 49.2% in the fourth quarter, though it still held 242,548 shares worth about $3.22 million at quarter-end.
• Insiders were buying shares: Chairman Thomas L. Carter, Jr. and Director D Mark Dewalch both purchased stock in May, and insiders bought more shares than they sold over the last three months overall.
• Black Stone Minerals missed earnings expectations in its latest quarterly report, posting $0.03 EPS versus the $0.22 estimate and revenue of $59.36 million versus the expected $107.38 million, even as it maintained a 9.0% dividend yield.

Fiducient Advisors LLC reduced its stake in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) by 49.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,548 shares of the oil and gas producer's stock after selling 234,641 shares during the period. Fiducient Advisors LLC owned 0.11% of Black Stone Minerals worth $3,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Black Stone Minerals by 61.0% in the fourth quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 900 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Black Stone Minerals by 65.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 4,943 shares of the oil and gas producer's stock valued at $66,000 after purchasing an additional 1,962 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Black Stone Minerals by 7,822.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer's stock valued at $95,000 after purchasing an additional 7,197 shares during the last quarter. Novare Capital Management LLC acquired a new position in shares of Black Stone Minerals in the fourth quarter valued at $191,000. Finally, Redhawk Wealth Advisors Inc. increased its holdings in shares of Black Stone Minerals by 39.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 15,885 shares of the oil and gas producer's stock valued at $211,000 after purchasing an additional 4,469 shares during the last quarter. 14.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Black Stone Minerals

In other Black Stone Minerals news, Chairman Thomas L. Carter, Jr. bought 19,154 shares of Black Stone Minerals stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of $13.48 per share, with a total value of $258,195.92. Following the completion of the transaction, the chairman owned 3,681,604 shares in the company, valued at $49,628,021.92. The trade was a 0.52% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director D Mark Dewalch bought 37,650 shares of Black Stone Minerals stock in a transaction dated Thursday, May 28th. The stock was acquired at an average cost of $13.21 per share, with a total value of $497,356.50. Following the transaction, the director owned 431,495 shares of the company's stock, valued at $5,700,048.95. This trade represents a 9.56% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, 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 Trading Up 0.3%

Shares of Black Stone Minerals stock opened at $13.33 on Friday. The firm has a 50-day moving average of $14.20 and a 200-day moving average of $14.31. The stock has a market cap of $2.83 billion, a PE ratio of 10.49 and a beta of 0.07. Black Stone Minerals, L.P. has a 52-week low of $11.78 and a 52-week high of $15.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34.

Black Stone Minerals (NYSE:BSM - Get Free Report) last announced its earnings results on Monday, May 4th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.19). The business had revenue of $59.36 million during the quarter, compared to the consensus estimate of $107.38 million. Black Stone Minerals had a net margin of 61.67% and a return on equity of 42.40%. As a group, sell-side analysts forecast that Black Stone Minerals, L.P. will post 0.93 EPS for the current year.

Black Stone Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Friday, May 8th. Black Stone Minerals's payout ratio is presently 94.49%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Black Stone Minerals in a report on Friday, April 24th. Piper Sandler upped their price objective on shares of Black Stone Minerals from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, March 5th. Finally, Zacks Research downgraded shares of Black Stone Minerals from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus 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.

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