Aristides Capital LLC Has $502,000 Stock Position in Black Stone Minerals, L.P. (NYSE:BSM)

Aristides Capital LLC lifted its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,396 shares of the oil and gas producer’s stock after acquiring an additional 2,661 shares during the period. Aristides Capital LLC’s holdings in Black Stone Minerals were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BSM. Jones Financial Companies Lllp increased its holdings in 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 worth $29,000 after purchasing an additional 1,000 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Black Stone Minerals during the third quarter worth $76,000. Annandale Capital LLC raised its position in Black Stone Minerals by 5.5% in the 4th quarter. Annandale Capital LLC now owns 14,382 shares of the oil and gas producer’s stock valued at $210,000 after buying an additional 747 shares during the last quarter. Corps Capital Advisors LLC bought a new stake in shares of Black Stone Minerals in the 4th quarter worth $231,000. Finally, Moody National Bank Trust Division raised its holdings in shares of Black Stone Minerals by 35.2% in the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock valued at $276,000 after purchasing an additional 4,924 shares during the last quarter. Institutional investors and hedge funds own 14.49% of the company’s stock.

Analyst Upgrades and Downgrades

BSM has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on shares of Black Stone Minerals from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. StockNews.com lowered Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada raised Black Stone Minerals to a “hold” rating in a research report on Friday, March 14th.

Black Stone Minerals Trading Down 6.4 %

Black Stone Minerals stock opened at $13.96 on Friday. The business’s 50 day simple moving average is $14.99 and its 200 day simple moving average is $14.95. Black Stone Minerals, L.P. has a 12 month low of $13.72 and a 12 month high of $16.92. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 8.62 and a beta of 0.52.

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

Black Stone Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date of this dividend was Tuesday, February 18th. Black Stone Minerals’s payout ratio is currently 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.