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

Colonial River Investments LLC grew its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 19,415 shares of the oil and gas producer’s stock after acquiring 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 large investors have also recently bought and sold shares of the company. Penn Davis Mcfarland Inc. boosted its position in Black Stone Minerals by 18.1% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer’s stock worth $23,377,000 after acquiring an additional 245,009 shares during the last quarter. Investment Management Associates Inc. ADV boosted its position in Black Stone Minerals by 30.8% during the 4th 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 acquiring an additional 363,962 shares during the last quarter. Fiducient Advisors LLC acquired a new position in Black Stone Minerals during the 3rd quarter worth approximately $12,253,000. ING Groep NV boosted its position in Black Stone Minerals by 5.9% during the 3rd quarter. ING Groep NV now owns 652,900 shares of the oil and gas producer’s stock worth $9,859,000 after acquiring an additional 36,300 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Black Stone Minerals by 2.3% during the 3rd quarter. Citigroup Inc. now owns 470,915 shares of the oil and gas producer’s stock worth $7,111,000 after acquiring an additional 10,465 shares during the last quarter. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Stock Up 0.1 %

Shares of Black Stone Minerals stock opened at $14.95 on Tuesday. Black Stone Minerals, L.P. has a 12-month low of $13.78 and a 12-month high of $16.92. The stock has a market cap of $3.15 billion, a P/E ratio of 9.23 and a beta of 0.94. The business’s 50 day moving average is $14.81 and its 200-day moving average is $14.88.

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

Black Stone Minerals Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BSM shares. Piper Sandler reduced their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th.

Black Stone Minerals Company 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.