F&V Capital Management LLC Increases Stake in Black Stone Minerals, L.P. (NYSE:BSM)

F&V Capital Management LLC boosted its stake in Black Stone Minerals, L.P. (NYSE:BSM) by 10.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,200 shares of the oil and gas producer’s stock after purchasing an additional 1,900 shares during the quarter. F&V Capital Management LLC’s holdings in Black Stone Minerals were worth $323,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its holdings in shares of Black Stone Minerals by 279.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,036 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 2,236 shares during the period. Nomura Holdings Inc. purchased a new stake in Black Stone Minerals during the fourth quarter worth approximately $5,635,000. Virtu Financial LLC acquired a new stake in shares of Black Stone Minerals in the fourth quarter worth $281,000. Clear Street Markets LLC lifted its holdings in shares of Black Stone Minerals by 334.8% during the 4th quarter. Clear Street Markets LLC now owns 10,000 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Avenir Corp purchased a new stake in Black Stone Minerals during the 4th quarter worth $1,179,000. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Trading Down 0.6 %

NYSE BSM traded down $0.09 during mid-day trading on Wednesday, reaching $15.64. 296,915 shares of the company’s stock traded hands, compared to its average volume of 476,395. The company has a fifty day simple moving average of $15.94 and a 200-day simple moving average of $15.96. Black Stone Minerals, L.P. has a 1-year low of $14.88 and a 1-year high of $18.55. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 10.17 and a beta of 0.90.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). Black Stone Minerals had a net margin of 66.29% and a return on equity of 38.71%. The firm had revenue of $105.49 million during the quarter, compared to the consensus estimate of $119.50 million. Equities research analysts forecast that Black Stone Minerals, L.P. will post 1.47 earnings per share for the current fiscal year.

Black Stone Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend was Thursday, May 9th. Black Stone Minerals’s dividend payout ratio is presently 97.40%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price on Black Stone Minerals from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th.

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.