International Assets Investment Management LLC Raises Position in Black Stone Minerals, L.P. (NYSE:BSM)

International Assets Investment Management LLC grew its stake in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) by 1,296.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,647 shares of the oil and gas producer's stock after purchasing an additional 207,634 shares during the quarter. International Assets Investment Management LLC owned about 0.10% of Black Stone Minerals worth $3,569,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Black Stone Minerals during the 3rd quarter worth about $29,000. Money Concepts Capital Corp acquired a new stake in Black Stone Minerals in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC acquired a new stake in Black Stone Minerals in the 3rd quarter valued at about $31,000. Clear Street Markets LLC acquired a new stake in Black Stone Minerals in the 3rd quarter valued at about $40,000. Finally, Clearstead Advisors LLC acquired a new stake in Black Stone Minerals during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 14.49% of the company's stock.

Black Stone Minerals Trading Down 2.3 %

BSM traded down $0.36 on Thursday, reaching $15.36. The stock had a trading volume of 1,340,259 shares, compared to its average volume of 492,646. Black Stone Minerals, L.P. has a fifty-two week low of $14.80 and a fifty-two week high of $18.55. The firm has a 50-day moving average of $15.71 and a 200-day moving average of $16.49. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 8.21 and a beta of 0.92.

Black Stone Minerals (NYSE:BSM - Get Free Report) last announced its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. Black Stone Minerals had a return on equity of 42.38% and a net margin of 70.46%. The company had revenue of $190.84 million for the quarter, compared to analyst estimates of $142.67 million. During the same quarter in the prior year, the company earned $0.71 EPS. Sell-side analysts anticipate that Black Stone Minerals, L.P. will post 1.42 EPS for the current fiscal year.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 16th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 12.37%. The ex-dividend date of this dividend was Thursday, February 15th. Black Stone Minerals's dividend payout ratio is currently 101.60%.

Insider Transactions at Black Stone Minerals

In other Black Stone Minerals news, Director D Mark Dewalch acquired 3,250 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $15.47 per share, with a total value of $50,277.50. Following the completion of the purchase, the director now owns 320,436 shares of the company's stock, valued at $4,957,144.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 19.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BSM shares. Stifel Nicolaus cut their price objective on shares of Black Stone Minerals from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 23rd. Piper Sandler upped their price target on shares of Black Stone Minerals from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th.

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.