Black Stone Minerals (NYSE:BSM) Releases Earnings Results, Beats Expectations By $0.04 EPS

Black Stone Minerals (NYSE:BSM) posted its quarterly earnings data on Monday. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04, Zacks reports. The business had revenue of $118.70 million during the quarter, compared to analyst estimates of $98.08 million. Black Stone Minerals had a net margin of 62.26% and a return on equity of 43.73%.

Black Stone Minerals Stock Performance

NYSE BSM opened at $15.23 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 4.37. Black Stone Minerals has a 1-year low of $11.78 and a 1-year high of $15.52. The firm has a market capitalization of $3.23 billion, a P/E ratio of 11.90 and a beta of 0.18. The business’s 50-day simple moving average is $14.31 and its 200-day simple moving average is $13.53.

Black Stone Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Wednesday, February 18th. Black Stone Minerals’s dividend payout ratio (DPR) is 104.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its position in Black Stone Minerals by 57.1% during the 4th quarter. Morgan Stanley now owns 7,107,673 shares of the oil and gas producer’s stock worth $94,461,000 after purchasing an additional 2,582,823 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Black Stone Minerals during the third quarter worth about $3,512,000. Wells Fargo & Company MN boosted its position in shares of Black Stone Minerals by 80.6% in the fourth quarter. Wells Fargo & Company MN now owns 361,303 shares of the oil and gas producer’s stock worth $4,802,000 after buying an additional 161,198 shares during the period. HRT Financial LP raised its holdings in shares of Black Stone Minerals by 188.9% during the 4th quarter. HRT Financial LP now owns 201,087 shares of the oil and gas producer’s stock valued at $2,672,000 after buying an additional 131,476 shares during the period. Finally, Corient Private Wealth LLC lifted its position in Black Stone Minerals by 140.2% during the 4th quarter. Corient Private Wealth LLC now owns 207,367 shares of the oil and gas producer’s stock worth $2,756,000 after acquiring an additional 121,043 shares in the last quarter. 14.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BSM. KeyCorp restated a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. Zacks Research cut Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Black Stone Minerals presently has an average rating of “Hold” and a consensus target price of $13.00.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.