Black Stone Minerals, L.P. Plans Quarterly Dividend of $0.30 (NYSE:BSM)

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Wednesday, February 18th will be given a dividend of 0.30 per share by the oil and gas producer on Wednesday, February 25th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Wednesday, February 18th.

Black Stone Minerals has raised its dividend payment by an average of 0.0%per year over the last three years. Black Stone Minerals has a payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Black Stone Minerals to earn $1.44 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 83.3%.

Black Stone Minerals Trading Down 1.2%

Shares of BSM stock traded down $0.18 on Thursday, hitting $14.80. The company had a trading volume of 15,086 shares, compared to its average volume of 328,186. The firm has a market cap of $3.14 billion, a P/E ratio of 12.87 and a beta of 0.18. Black Stone Minerals has a twelve month low of $11.78 and a twelve month high of $15.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.37 and a current ratio of 4.37. The stock’s 50-day moving average is $14.09 and its two-hundred day moving average is $13.26.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.12. The firm had revenue of $132.47 million during the quarter, compared to analyst estimates of $106.20 million. Black Stone Minerals had a return on equity of 40.08% and a net margin of 61.31%. On average, equities research analysts anticipate that Black Stone Minerals will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Black Stone Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of BSM. Global Retirement Partners LLC purchased a new position in Black Stone Minerals in the 2nd quarter worth $385,000. Tweedy Browne Co LLC purchased a new position in Black Stone Minerals in the 2nd quarter valued at $273,000. Americana Partners LLC acquired a new position in Black Stone Minerals during the third quarter worth $532,000. Grandfield & Dodd LLC purchased a new position in Black Stone Minerals in the second quarter worth approximately $397,000. Finally, Investment Management Associates Inc. ADV increased its position in shares of Black Stone Minerals by 2.8% during the second quarter. Investment Management Associates Inc. ADV now owns 1,577,887 shares of the oil and gas producer’s stock valued at $20,639,000 after acquiring an additional 42,553 shares during the last quarter. 14.49% of the stock is owned by institutional investors.

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.