JFS Wealth Advisors LLC Makes New Investment in Black Stone Minerals, L.P. (NYSE:BSM)

JFS Wealth Advisors LLC bought a new position in Black Stone Minerals, L.P. (NYSE:BSM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 32,747 shares of the oil and gas producer’s stock, valued at approximately $494,000.

Other large investors have also modified their holdings of the company. Prevail Innovative Wealth Advisors LLC lifted its position 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 worth $3,155,000 after acquiring an additional 41,136 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Black Stone Minerals during the second quarter worth $2,480,000. GraniteShares Advisors LLC boosted its stake in shares of Black Stone Minerals by 14.2% in the second quarter. GraniteShares Advisors LLC now owns 121,795 shares of the oil and gas producer’s stock valued at $1,909,000 after purchasing an additional 15,188 shares during the period. Tidal Investments LLC grew its holdings in Black Stone Minerals by 8.4% during the 1st quarter. Tidal Investments LLC now owns 90,566 shares of the oil and gas producer’s stock valued at $1,447,000 after purchasing an additional 7,006 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its stake in Black Stone Minerals by 200.0% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 60,000 shares of the oil and gas producer’s stock worth $959,000 after buying an additional 40,000 shares during the period. Institutional investors and hedge funds own 14.49% of the company’s stock.

Insider Transactions at Black Stone Minerals

In related news, CEO Thomas L. Carter, Jr. purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $14.12 per share, with a total value of $1,412,000.00. Following the acquisition, the chief executive officer now owns 3,133,128 shares in the company, valued at approximately $44,239,767.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director D Mark Dewalch acquired 34,200 shares of Black Stone Minerals stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $14.62 per share, with a total value of $500,004.00. Following the completion of the acquisition, the director now directly owns 357,005 shares of the company’s stock, valued at $5,219,413.10. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Carter, Jr. acquired 100,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $14.12 per share, with a total value of $1,412,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,133,128 shares of the company’s stock, valued at approximately $44,239,767.36. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.60% of the company’s stock.

Black Stone Minerals Price Performance

BSM opened at $14.74 on Friday. The stock has a market capitalization of $3.32 billion, a PE ratio of 9.96 and a beta of 0.93. Black Stone Minerals, L.P. has a 12-month low of $13.94 and a 12-month high of $18.55. The firm’s fifty day moving average price is $14.88 and its 200 day moving average price is $15.35.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). The company had revenue of $109.62 million for the quarter, compared to the consensus estimate of $124.24 million. Black Stone Minerals had a return on equity of 37.93% and a net margin of 64.88%. During the same period in the previous year, the business posted $0.35 EPS. On average, equities research analysts forecast that Black Stone Minerals, L.P. will post 1.31 earnings per share for the current fiscal year.

Black Stone Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 10.18%. The ex-dividend date of this dividend is Friday, November 8th. Black Stone Minerals’s dividend payout ratio is currently 101.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of Black Stone Minerals from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. StockNews.com upgraded Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

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.