Rare Wolf Capital LLC Invests $968,000 in Black Stone Minerals, L.P. $BSM

Rare Wolf Capital LLC acquired a new stake in Black Stone Minerals, L.P. (NYSE:BSM) in the fourth quarter, HoldingsChannel reports. The firm acquired 72,830 shares of the oil and gas producer’s stock, valued at approximately $968,000.

Several other large investors have also recently added to or reduced their stakes in the business. Doliver Advisors LP raised its stake in Black Stone Minerals by 2.5% during the fourth quarter. Doliver Advisors LP now owns 35,024 shares of the oil and gas producer’s stock worth $465,000 after purchasing an additional 850 shares during the period. Farther Finance Advisors LLC increased its position in Black Stone Minerals by 61.0% during the 4th quarter. Farther Finance Advisors LLC now owns 2,375 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 900 shares in the last quarter. WMG Financial Advisors LLC increased its position in Black Stone Minerals by 6.3% during the 4th quarter. WMG Financial Advisors LLC now owns 16,750 shares of the oil and gas producer’s stock worth $223,000 after purchasing an additional 1,000 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Black Stone Minerals by 5.7% in the fourth quarter. Moody National Bank Trust Division now owns 20,221 shares of the oil and gas producer’s stock valued at $269,000 after buying an additional 1,085 shares during the period. Finally, IHT Wealth Management LLC raised its holdings in Black Stone Minerals by 5.1% in the second quarter. IHT Wealth Management LLC now owns 22,598 shares of the oil and gas producer’s stock valued at $296,000 after buying an additional 1,104 shares during the period. 14.49% of the stock is currently owned by hedge funds and other institutional investors.

Black Stone Minerals Stock Performance

Shares of NYSE:BSM opened at $13.98 on Friday. The business’s 50-day simple moving average is $13.83 and its 200 day simple moving average is $14.31. The company has a market cap of $2.97 billion, a P/E ratio of 11.01 and a beta of 0.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. Black Stone Minerals, L.P. has a one year low of $11.78 and a one year high of $15.49.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.19). Black Stone Minerals had a return on equity of 42.40% and a net margin of 61.67%.The company had revenue of $59.36 million during the quarter, compared to analysts’ expectations of $107.38 million. On average, sell-side analysts forecast that Black Stone Minerals, L.P. will post 0.97 earnings per share for the current fiscal year.

Black Stone Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were paid a $0.30 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.20 annualized dividend and a dividend yield of 8.6%. Black Stone Minerals’s dividend payout ratio is 94.49%.

Insider Activity

In other news, Chairman Thomas L. Carter, Jr. purchased 25,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $13.47 per share, with a total value of $336,750.00. Following the acquisition, the chairman owned 3,662,450 shares in the company, valued at approximately $49,333,201.50. This trade represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke Stevens Putman sold 29,386 shares of Black Stone Minerals stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $13.75, for a total transaction of $404,057.50. Following the sale, the senior vice president directly owned 702,645 shares in the company, valued at $9,661,368.75. This trade represents a 4.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have acquired 179,254 shares of company stock valued at $2,407,265 and have sold 69,900 shares valued at $978,357. 17.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Black Stone Minerals from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Royal Bank Of Canada initiated coverage on shares of Black Stone Minerals in a research note on Friday, May 29th. They issued a “sector perform” rating and a $16.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Black Stone Minerals in a report on Friday, April 24th. Finally, Zacks Research cut shares of Black Stone Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Black Stone Minerals has an average rating of “Reduce” and a consensus target price of $15.00.

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.