North Capital Inc. Buys Shares of 3,000 Black Stone Minerals, L.P. (NYSE:BSM)

North Capital Inc. bought a new stake in Black Stone Minerals, L.P. (NYSE:BSM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the oil and gas producer’s stock, valued at approximately $46,000.

Several other large investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew 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 worth $29,000 after purchasing an additional 1,000 shares during the period. NBC Securities Inc. grew its holdings in shares of Black Stone Minerals by 202,400.0% during the 1st quarter. NBC Securities Inc. now owns 2,025 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 2,024 shares during the period. State of Wyoming purchased a new position in shares of Black Stone Minerals during the 4th quarter worth $107,000. Exchange Traded Concepts LLC grew its holdings in shares of Black Stone Minerals by 1,258.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,623 shares of the oil and gas producer’s stock worth $116,000 after purchasing an additional 7,062 shares during the period. Finally, Virtus ETF Advisers LLC grew its holdings in shares of Black Stone Minerals by 14.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 11,838 shares of the oil and gas producer’s stock worth $173,000 after purchasing an additional 1,463 shares during the period. 14.49% of the stock is currently owned by hedge funds and other institutional investors.

Black Stone Minerals Stock Performance

Shares of Black Stone Minerals stock opened at $13.16 on Friday. The business has a 50-day moving average of $13.64 and a 200 day moving average of $14.36. Black Stone Minerals, L.P. has a 12 month low of $12.78 and a 12 month high of $15.83. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 14.30 and a beta of 0.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.35 and a quick ratio of 1.35.

Black Stone Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 8th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date was Thursday, May 8th. Black Stone Minerals’s dividend payout ratio (DPR) is 163.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upgraded Black Stone Minerals to a “hold” rating in a report on Friday, March 14th. Piper Sandler lowered their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen cut Black Stone Minerals from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Insider Transactions at Black Stone Minerals

In related news, CEO Thomas L. Carter, Jr. purchased 14,500 shares of Black Stone Minerals stock in a transaction on Wednesday, May 21st. The shares were bought at an average price of $13.52 per share, with a total value of $196,040.00. Following the transaction, the chief executive officer directly owned 3,349,621 shares of the company’s stock, valued at approximately $45,286,875.92. This trade represents a 0.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carrie Pearson Clark sold 36,900 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $13.56, for a total value of $500,364.00. Following the completion of the sale, the senior vice president directly owned 165,857 shares in the company, valued at $2,249,020.92. This represents a 18.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.80% of the company’s stock.

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.