Shares of Black Stone Minerals LP (NYSE:BSM) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.80.
BSM has been the topic of a number of recent research reports. Zacks Investment Research cut Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus initiated coverage on Black Stone Minerals in a research report on Wednesday, January 17th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Barclays set a $18.00 price target on Black Stone Minerals and gave the company a “buy” rating in a research report on Thursday, December 14th.
Black Stone Minerals (BSM) opened at $17.40 on Wednesday. Black Stone Minerals has a 1 year low of $15.12 and a 1 year high of $19.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.98 and a current ratio of 1.47. The company has a market capitalization of $1,806.80, a price-to-earnings ratio of 17.58 and a beta of 0.37.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.3125 per share. The ex-dividend date was Friday, February 16th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.18%. Black Stone Minerals’s dividend payout ratio is presently 126.26%.
In other news, CFO Jeffrey P. Wood sold 10,810 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $18.30, for a total transaction of $197,823.00. Following the transaction, the chief financial officer now owns 53,031 shares of the company’s stock, valued at approximately $970,467.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brock Morris sold 25,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $17.31, for a total value of $432,750.00. Following the sale, the senior vice president now owns 321,825 shares in the company, valued at $5,570,790.75. The disclosure for this sale can be found here. Insiders have sold a total of 65,644 shares of company stock worth $1,168,941 in the last ninety days. Insiders own 25.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BSM. Tower Research Capital LLC TRC bought a new stake in shares of Black Stone Minerals during the 4th quarter valued at $170,000. Jane Street Group LLC bought a new stake in shares of Black Stone Minerals during the 4th quarter valued at $221,000. Acadian Asset Management LLC bought a new stake in shares of Black Stone Minerals during the 4th quarter valued at $221,000. Renaissance Technologies LLC bought a new position in Black Stone Minerals in the 4th quarter worth about $245,000. Finally, Alliancebernstein L.P. increased its stake in Black Stone Minerals by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 18,468 shares of the oil and gas producer’s stock worth $291,000 after acquiring an additional 1,034 shares during the last quarter. Institutional investors own 22.93% of the company’s stock.
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Black Stone Minerals Company Profile
Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.
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