Stifel Financial Corp Has $2.62 Million Stock Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

Stifel Financial Corp raised its stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,775 shares of the oil and gas producer’s stock after purchasing an additional 15,236 shares during the quarter. Stifel Financial Corp owned 0.08% of Black Stone Minerals worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fiducient Advisors LLC acquired a new stake in Black Stone Minerals in the 3rd quarter valued at $12,253,000. Magnolia Capital Advisors LLC acquired a new stake in shares of Black Stone Minerals in the 2nd quarter valued at $2,480,000. Horizon Kinetics Asset Management LLC grew its holdings in shares of Black Stone Minerals by 65.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 275,638 shares of the oil and gas producer’s stock worth $4,162,000 after purchasing an additional 109,500 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Black Stone Minerals during the 3rd quarter worth about $8,240,000. Finally, Prevail Innovative Wealth Advisors LLC lifted its holdings in Black Stone Minerals by 25.7% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 201,336 shares of the oil and gas producer’s stock valued at $3,155,000 after purchasing an additional 41,136 shares during the last quarter. 14.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on BSM shares. Piper Sandler dropped their price objective on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, November 18th. StockNews.com upgraded Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday.

Black Stone Minerals Trading Down 1.1 %

Shares of BSM stock opened at $13.93 on Thursday. Black Stone Minerals, L.P. has a 1 year low of $13.78 and a 1 year high of $16.92. The firm’s 50 day moving average is $14.99 and its 200-day moving average is $15.12. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.60 and a beta of 0.96.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $134.86 million for the quarter, compared to the consensus estimate of $117.68 million. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. During the same quarter in the prior year, the business earned $0.27 EPS. On average, equities research analysts forecast that Black Stone Minerals, L.P. will post 1.32 earnings per share for the current fiscal year.

Black Stone Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.50 dividend on an annualized basis and a yield of 10.77%. Black Stone Minerals’s payout ratio is 92.59%.

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.