11,900 Shares in Black Stone Minerals, L.P. $BSM Acquired by Hilltop National Bank

Hilltop National Bank bought a new stake in Black Stone Minerals, L.P. (NYSE:BSM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,900 shares of the oil and gas producer’s stock, valued at approximately $156,000.

Other large investors also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in shares of Black Stone Minerals during the 1st quarter valued at $25,000. PNC Financial Services Group Inc. acquired a new position in Black Stone Minerals during the first quarter worth $29,000. NBC Securities Inc. raised its holdings in Black Stone Minerals by 202,400.0% during the first quarter. NBC Securities Inc. now owns 2,025 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 2,024 shares in the last quarter. North Capital Inc. bought a new position in Black Stone Minerals during the first quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Black Stone Minerals by 1,258.8% in the first quarter. Exchange Traded Concepts LLC now owns 7,623 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 7,062 shares during the last quarter. 14.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BSM shares. Piper Sandler lowered their price objective on Black Stone Minerals from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a research report on Saturday, September 27th. Three equities 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 an average price target of $13.00.

Black Stone Minerals Stock Up 1.5%

Shares of BSM stock opened at $13.35 on Friday. Black Stone Minerals, L.P. has a 12 month low of $11.78 and a 12 month high of $15.66. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.83 billion, a PE ratio of 11.50 and a beta of 0.24. The stock has a 50 day moving average of $12.54 and a 200-day moving average of $13.32.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. The business had revenue of $159.49 million for the quarter, compared to analyst estimates of $112.19 million. Black Stone Minerals had a net margin of 61.21% and a return on equity of 39.67%. On average, equities analysts predict that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Black Stone Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Thursday, August 7th. Black Stone Minerals’s dividend payout ratio (DPR) is presently 103.45%.

Insiders Place Their Bets

In other news, CEO Thomas L. Carter, Jr. purchased 14,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average cost of $12.59 per share, for a total transaction of $176,260.00. Following the completion of the purchase, the chief executive officer directly owned 3,512,701 shares of the company’s stock, valued at approximately $44,224,905.59. The trade was a 0.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 163,080 shares of company stock worth $1,983,910 over the last 90 days. 17.80% of the stock is owned by company insiders.

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.