Key Points
- Luke Stevens Putman, SVP, sold 30,276 shares of Black Stone Minerals on March 5 at an average price of $15.25 for proceeds of $461,709, leaving him with 761,417 shares (a 3.82% reduction in his stake).
- Black Stone Minerals beat Q4 estimates with EPS $0.31 vs $0.27 and revenue of $118.7M vs $98.08M, and pays a quarterly dividend of $0.30 (annualized $1.20) yielding about 7.9% with a payout ratio of 93.75%.
- The stock trades near $15.22 with a market cap of $3.23B and a P/E of 11.89, and the consensus analyst rating is Hold with a $14.00 target.
Black Stone Minerals, L.P. (NYSE:BSM - Get Free Report) SVP Luke Stevens Putman sold 30,276 shares of Black Stone Minerals stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $15.25, for a total value of $461,709.00. Following the sale, the senior vice president owned 761,417 shares in the company, valued at $11,611,609.25. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Black Stone Minerals Stock Performance
Black Stone Minerals stock opened at $15.22 on Friday. The stock has a market cap of $3.23 billion, a P/E ratio of 11.89 and a beta of 0.17. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $14.56 and a 200-day moving average of $13.67. Black Stone Minerals, L.P. has a 52 week low of $11.78 and a 52 week high of $15.52.
Black Stone Minerals (NYSE:BSM - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $118.70 million during the quarter, compared to the consensus estimate of $98.08 million. Black Stone Minerals had a net margin of 62.26% and a return on equity of 43.31%. On average, analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.
Black Stone Minerals Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 18th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 18th. This represents a $1.20 annualized dividend and a yield of 7.9%. Black Stone Minerals's dividend payout ratio is presently 93.75%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on BSM. Piper Sandler increased their target price on shares of Black Stone Minerals from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday. Zacks Research downgraded Black Stone Minerals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Black Stone Minerals in a research report on Monday, December 29th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $14.00.
Read Our Latest Stock Analysis on Black Stone Minerals
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Aristides Capital LLC grew its stake in shares of Black Stone Minerals by 3.3% in the fourth quarter. Aristides Capital LLC now owns 35,516 shares of the oil and gas producer's stock worth $472,000 after purchasing an additional 1,120 shares in the last quarter. Rare Wolf Capital LLC acquired a new stake in Black Stone Minerals in the fourth quarter worth about $968,000. Corient Private Wealth LLC lifted its holdings in Black Stone Minerals by 140.2% in the fourth quarter. Corient Private Wealth LLC now owns 207,367 shares of the oil and gas producer's stock worth $2,756,000 after purchasing an additional 121,043 shares during the period. Beacon Pointe Advisors LLC grew its position in Black Stone Minerals by 5.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 79,792 shares of the oil and gas producer's stock valued at $1,060,000 after buying an additional 4,002 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Black Stone Minerals in the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 14.49% of the company's stock.
About Black Stone Minerals
(
Get Free Report)
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.
Further Reading
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