Jump Financial LLC Purchases Shares of 12,690 Black Stone Minerals, L.P. (NYSE:BSM)

Jump Financial LLC purchased a new stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,690 shares of the oil and gas producer’s stock, valued at approximately $185,000.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Black Stone Minerals by 100.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,000 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Black Stone Minerals during the third quarter valued at about $76,000. Annandale Capital LLC raised its position in shares of Black Stone Minerals by 5.5% during the fourth quarter. Annandale Capital LLC now owns 14,382 shares of the oil and gas producer’s stock valued at $210,000 after buying an additional 747 shares during the last quarter. Corps Capital Advisors LLC acquired a new position in shares of Black Stone Minerals during the fourth quarter valued at about $231,000. Finally, Moody National Bank Trust Division raised its position in shares of Black Stone Minerals by 35.2% during the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock valued at $276,000 after buying an additional 4,924 shares during the last quarter. 14.49% of the stock is currently owned by institutional investors.

Black Stone Minerals Stock Up 1.0 %

NYSE:BSM opened at $14.62 on Tuesday. Black Stone Minerals, L.P. has a 12-month low of $12.80 and a 12-month high of $16.92. The firm has a market capitalization of $3.09 billion, a PE ratio of 9.02 and a beta of 0.52. The firm has a 50-day moving average price of $14.70 and a 200 day moving average price of $14.83.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings data on Monday, February 24th. The oil and gas producer reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.21). The firm had revenue of $83.73 million for the quarter, compared to the consensus estimate of $115.46 million. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. On average, research analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Black Stone Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.50 annualized dividend and a dividend yield of 10.26%. Black Stone Minerals’s dividend payout ratio (DPR) is currently 130.43%.

Analyst Ratings Changes

A number of brokerages have recently commented on BSM. Piper Sandler cut their price objective on shares of Black Stone Minerals from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada raised shares of Black Stone Minerals to a “hold” rating in a research report on Friday, March 14th. Finally, StockNews.com lowered shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

About Black Stone Minerals

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.