Black Stone Minerals, L.P. (NYSE:BSM) Receives Consensus Rating of “Hold” from Brokerages

Black Stone Minerals, L.P. (NYSE:BSM) has received an average rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.00.

Several analysts have recently weighed in on the company. Zacks Research upgraded Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 22nd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th.

Black Stone Minerals Trading Down 0.5%

NYSE BSM opened at $13.34 on Wednesday. The stock has a market cap of $2.83 billion, a P/E ratio of 11.60 and a beta of 0.11. The company’s fifty day simple moving average is $13.66 and its 200-day simple moving average is $13.06. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.12. Black Stone Minerals has a 52 week low of $11.78 and a 52 week high of $15.60.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. The business had revenue of $132.47 million during the quarter, compared to analyst estimates of $106.20 million. Equities research analysts predict that Black Stone Minerals will post 1.36 EPS for the current fiscal year.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, November 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.20 annualized dividend and a yield of 9.0%. Black Stone Minerals’s dividend payout ratio is currently 104.35%.

Institutional Investors Weigh In On Black Stone Minerals

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming lifted its stake in Black Stone Minerals by 370.4% during the first quarter. State of Wyoming now owns 34,491 shares of the oil and gas producer’s stock worth $527,000 after purchasing an additional 27,158 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Black Stone Minerals by 3,141.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 913,495 shares of the oil and gas producer’s stock worth $13,949,000 after purchasing an additional 885,311 shares during the period. Kempner Capital Management Inc. lifted its position in shares of Black Stone Minerals by 52.3% in the 2nd quarter. Kempner Capital Management Inc. now owns 759,343 shares of the oil and gas producer’s stock worth $9,932,000 after buying an additional 260,727 shares during the last quarter. Tweedy Browne Co LLC bought a new position in shares of Black Stone Minerals in the 2nd quarter worth about $273,000. Finally, Grandfield & Dodd LLC acquired a new position in shares of Black Stone Minerals in the 2nd quarter valued at about $397,000. Institutional investors own 14.49% of the company’s stock.

About Black Stone Minerals

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.