Black Stone Minerals, L.P. (NYSE:BSM) Shares Sold by Bramshill Investments LLC

Bramshill Investments LLC trimmed its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,687 shares of the oil and gas producer’s stock after selling 2,980 shares during the period. Bramshill Investments LLC’s holdings in Black Stone Minerals were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Penn Davis Mcfarland Inc. boosted its holdings in shares of 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 purchasing an additional 245,009 shares during the last quarter. Investment Management Associates Inc. ADV increased its stake in shares of Black Stone Minerals by 30.8% in 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. HighTower Advisors LLC raised its holdings in shares of Black Stone Minerals by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 408,918 shares of the oil and gas producer’s stock worth $5,970,000 after acquiring an additional 4,090 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Black Stone Minerals during the 4th quarter valued at about $4,876,000. Finally, Northern Trust Corp purchased a new stake in shares of Black Stone Minerals in the fourth quarter valued at about $4,428,000. 14.49% of the stock is owned by hedge funds and other institutional investors.

Black Stone Minerals Stock Performance

Black Stone Minerals stock opened at $14.55 on Monday. The company’s 50 day simple moving average is $14.64 and its 200-day simple moving average is $14.82. Black Stone Minerals, L.P. has a 1 year low of $12.80 and a 1 year high of $16.92. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.98 and a beta of 0.52.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, February 24th. The oil and gas producer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.21). Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The firm had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $115.46 million. Equities analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current year.

Black Stone Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date is Thursday, May 8th. Black Stone Minerals’s dividend payout ratio (DPR) is currently 130.43%.

Analyst Upgrades and Downgrades

BSM has been the topic of several recent analyst reports. Piper Sandler decreased their target price on shares of Black Stone Minerals from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada upgraded Black Stone Minerals to a “hold” rating in a research report on Friday, March 14th. Finally, StockNews.com downgraded Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

About Black Stone Minerals

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.