Black Stone Minerals, L.P. (NYSE:BSM) Stock Holdings Decreased by Creative Planning

Creative Planning lowered its stake in Black Stone Minerals, L.P. (NYSE:BSM) by 25.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,857 shares of the oil and gas producer’s stock after selling 4,100 shares during the period. Creative Planning’s holdings in Black Stone Minerals were worth $179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BSM. Summit Securities Group LLC bought a new stake in shares of Black Stone Minerals during the 2nd quarter valued at about $74,000. SG Americas Securities LLC bought a new stake in shares of Black Stone Minerals during the 1st quarter valued at about $102,000. Financial Advocates Investment Management bought a new stake in shares of Black Stone Minerals during the 2nd quarter valued at about $159,000. Choreo LLC bought a new stake in shares of Black Stone Minerals during the 2nd quarter valued at about $205,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of Black Stone Minerals during the 2nd quarter valued at about $228,000. Institutional investors own 14.49% of the company’s stock.

Insider Activity at Black Stone Minerals

In other Black Stone Minerals news, SVP Carrie Pearson Clark sold 18,532 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $14.84, for a total value of $275,014.88. Following the completion of the sale, the senior vice president now owns 116,923 shares in the company, valued at $1,735,137.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director D Mark Dewalch bought 34,200 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $14.62 per share, for a total transaction of $500,004.00. Following the purchase, the director now owns 357,005 shares of the company’s stock, valued at $5,219,413.10. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carrie Pearson Clark sold 18,532 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $14.84, for a total transaction of $275,014.88. Following the completion of the transaction, the senior vice president now owns 116,923 shares in the company, valued at $1,735,137.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.60% of the stock is owned by insiders.

Black Stone Minerals Price Performance

NYSE BSM opened at $15.00 on Tuesday. The company’s 50 day simple moving average is $14.91 and its 200 day simple moving average is $15.32. Black Stone Minerals, L.P. has a 12 month low of $13.94 and a 12 month high of $17.80. The company has a market capitalization of $3.38 billion, a P/E ratio of 9.19 and a beta of 0.94.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $134.86 million during 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 prior year, the firm earned $0.27 EPS. On average, analysts anticipate that Black Stone Minerals, L.P. will post 1.32 earnings per share for the current year.

Black Stone Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be given a $0.375 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.50 annualized dividend and a dividend yield of 10.00%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 92.59%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Piper Sandler reduced their target price on shares of Black Stone Minerals from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.

Black Stone Minerals 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.