Black Stone Minerals LP (BSM) Position Held by Brown Advisory Inc.
Brown Advisory Inc. held its position in Black Stone Minerals LP (NYSE:BSM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,901 shares of the company’s stock at the end of the second quarter. Brown Advisory Inc. owned approximately 0.10% of Black Stone Minerals worth $3,098,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Black Stone Minerals by 3.9% in the first quarter. State Street Corp now owns 21,199 shares of the company’s stock worth $297,000 after buying an additional 794 shares during the period. Goldman Sachs Group Inc. raised its position in Black Stone Minerals by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 508,794 shares of the company’s stock worth $7,128,000 after buying an additional 29,241 shares during the period. Renaissance Technologies LLC acquired a new position in Black Stone Minerals during the first quarter worth $1,534,000. Barclays PLC raised its position in Black Stone Minerals by 53.1% in the first quarter. Barclays PLC now owns 61,235 shares of the company’s stock worth $857,000 after buying an additional 21,229 shares during the period. Finally, Royal Bank of Canada raised its position in Black Stone Minerals by 26.0% in the first quarter. Royal Bank of Canada now owns 18,547 shares of the company’s stock worth $260,000 after buying an additional 3,829 shares during the period. 16.23% of the stock is owned by hedge funds and other institutional investors.
Shares of Black Stone Minerals LP (NYSE:BSM) traded down 1.35% during trading on Wednesday, reaching $17.52. The company had a trading volume of 14,443 shares. The stock’s 50-day moving average price is $16.67 and its 200-day moving average price is $15.52. The company’s market capitalization is $3.35 billion. Black Stone Minerals LP has a 52 week low of $10.71 and a 52 week high of $19.65.
Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.26. The company had revenue of $40.57 million for the quarter, compared to analysts’ expectations of $77.50 million. Black Stone Minerals had a negative net margin of 3.72% and a positive return on equity of 6.16%. On average, equities analysts expect that Black Stone Minerals LP will post $0.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 18th were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Tuesday, August 16th. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.26. Black Stone Minerals’s payout ratio is currently 11,500.00%.
A number of equities analysts have recently weighed in on BSM shares. Zacks Investment Research lowered Black Stone Minerals from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Barclays PLC upped their price objective on Black Stone Minerals from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 16th. Finally, Stifel Nicolaus started coverage on Black Stone Minerals in a research note on Tuesday, September 6th. They issued a “buy” rating and a $19.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.67.
About Black Stone Minerals
Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is managing its existing portfolio of mineral and royalty assets to maximize its value and expanding its asset base through acquisitions of additional mineral and royalty interests.
Want to see what other hedge funds are holding BSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Stone Minerals LP (NYSE:BSM).
Receive News & Ratings for Black Stone Minerals LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals LP and related companies with Analyst Ratings Network's FREE daily email newsletter.