Black Stone Minerals, L.P. (NYSE:BSM) Shares Sold by Clarus Group Inc.

Clarus Group Inc. lessened its stake in Black Stone Minerals, L.P. (NYSE:BSM) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,996 shares of the oil and gas producer’s stock after selling 1,000 shares during the period. Black Stone Minerals accounts for about 1.7% of Clarus Group Inc.’s holdings, making the stock its 15th biggest position. Clarus Group Inc. owned approximately 0.16% of Black Stone Minerals worth $4,876,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BSM. JPMorgan Chase & Co. acquired a new position in Black Stone Minerals during the 3rd quarter worth approximately $76,000. Horizon Kinetics Asset Management LLC increased its position in Black Stone Minerals by 65.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 275,638 shares of the oil and gas producer’s stock worth $4,162,000 after purchasing an additional 109,500 shares during the period. International Assets Investment Management LLC acquired a new position in Black Stone Minerals during the 3rd quarter worth approximately $8,240,000. ING Groep NV increased its position in Black Stone Minerals by 5.9% during the 3rd quarter. ING Groep NV now owns 652,900 shares of the oil and gas producer’s stock worth $9,859,000 after purchasing an additional 36,300 shares during the period. Finally, Fiducient Advisors LLC acquired a new position in Black Stone Minerals during the 3rd quarter worth approximately $12,253,000. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Price Performance

Shares of NYSE:BSM opened at $15.14 on Tuesday. The business’s 50 day simple moving average is $14.74 and its 200-day simple moving average is $14.86. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 9.35 and a beta of 0.94. Black Stone Minerals, L.P. has a 12 month low of $13.78 and a 12 month high of $16.92.

Black Stone Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 9.91%. The ex-dividend date is Tuesday, February 18th. Black Stone Minerals’s dividend payout ratio (DPR) is 92.59%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler dropped their target price on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Monday, December 16th.

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.