Colonial River Investments LLC Has $283,000 Position in Black Stone Minerals, L.P. (NYSE:BSM)

Colonial River Investments LLC boosted its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,415 shares of the oil and gas producer’s stock after buying an additional 1,790 shares during the period. Colonial River Investments LLC’s holdings in Black Stone Minerals were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Investment Management Associates Inc. ADV boosted its stake in Black Stone Minerals by 30.8% during the fourth quarter. Investment Management Associates Inc. ADV now owns 1,544,182 shares of the oil and gas producer’s stock worth $22,545,000 after buying an additional 363,962 shares in the last quarter. LMG Wealth Partners LLC acquired a new stake in Black Stone Minerals during the fourth quarter worth $2,194,000. Corps Capital Advisors LLC acquired a new stake in Black Stone Minerals during the fourth quarter worth $231,000. Bristlecone Advisors LLC boosted its stake in Black Stone Minerals by 40.5% during the fourth quarter. Bristlecone Advisors LLC now owns 45,551 shares of the oil and gas producer’s stock worth $665,000 after buying an additional 13,141 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of Black Stone Minerals by 7.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 24,378 shares of the oil and gas producer’s stock valued at $356,000 after purchasing an additional 1,774 shares in the last quarter. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Trading Up 0.1 %

Black Stone Minerals stock opened at $14.95 on Tuesday. The firm has a market capitalization of $3.15 billion, a P/E ratio of 9.23 and a beta of 0.94. Black Stone Minerals, L.P. has a 1 year low of $13.78 and a 1 year high of $16.92. The business has a 50-day moving average of $14.81 and a 200-day moving average of $14.88.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings data on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. Research analysts anticipate that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.

Black Stone Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 annualized dividend and a dividend yield of 10.03%. Black Stone Minerals’s dividend payout ratio is presently 92.59%.

Analysts Set New Price Targets

BSM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Piper Sandler dropped their price objective on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, November 18th.

Black Stone Minerals Profile

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.