Barclays PLC Sells 36,361 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

Barclays PLC decreased its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 47.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,925 shares of the oil and gas producer’s stock after selling 36,361 shares during the period. Barclays PLC’s holdings in Black Stone Minerals were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EP Wealth Advisors LLC bought a new stake in Black Stone Minerals during the third quarter valued at about $417,000. Stifel Financial Corp lifted its position in shares of Black Stone Minerals by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer’s stock valued at $2,624,000 after buying an additional 15,236 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Black Stone Minerals by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 404,828 shares of the oil and gas producer’s stock valued at $6,113,000 after acquiring an additional 6,898 shares during the period. Hilltop Holdings Inc. increased its holdings in Black Stone Minerals by 47.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 19,300 shares of the oil and gas producer’s stock worth $291,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Cadence Bank raised its stake in Black Stone Minerals by 2.6% during the 3rd quarter. Cadence Bank now owns 27,650 shares of the oil and gas producer’s stock worth $418,000 after acquiring an additional 689 shares during the period. 14.49% of the stock is currently owned by hedge funds and other institutional investors.

Black Stone Minerals Trading Up 1.7 %

NYSE BSM opened at $14.60 on Thursday. Black Stone Minerals, L.P. has a 12 month low of $13.78 and a 12 month high of $16.92. The stock’s 50 day moving average is $14.83 and its 200 day moving average is $15.00. The stock has a market cap of $3.08 billion, a PE ratio of 9.01 and a beta of 0.96.

Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.41 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 net margin of 67.54% and a return on equity of 41.49%. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, analysts forecast that Black Stone Minerals, L.P. will post 1.32 EPS 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. Stockholders of record on Friday, November 8th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.27%. Black Stone Minerals’s payout ratio is 92.59%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BSM. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler dropped their target price 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.

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.