Black Stone Minerals, L.P. Comm (NYSE:BSM) has been the object of insider buying activity recently. Director Alexander D. Stuart acquired 18,650 shares at an average price of $16.00 on Fri the 9th. Stuart now owns $4,971,168 of stock as recorded in a recent Form 4 SEC filing. President, CEO and Chairman Thomas L. Jr Carter disclosed the purchase of 7,750 shares. The shares were purchased at an average price of $15.86. The President, CEO and Chairman now owns $17,830,970 of the stock per the Form 4 SEC filing.
Thomas L. Jr Carter, President, CEO and Chairman disclosed the purchase of 17,600 shares of (BSM). The shares were bought on May 12th for a price of $16.94. Carter now owns $18,913,900 of the stock according to the SEC filing.
Black Stone Minerals, L.P., launched on September 16, 2014, is an owner of oil and natural gas mineral interests in the United States. The Business’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. As of December 31, 2016, it owned mineral interests in approximately 15.5 million acres, with an average 45.7% ownership interest in that acreage. As of December 31, 2016, it also owned nonparticipating royalty interests in 1.5 million acres and overriding royalty interests in 1.5 million acres. As of December 31, 2016, these non-cost-bearing interests, which it referred to collectively as its mineral and royalty interests, included ownership in 50,000 producing wells. As of December 31, 2016, its mineral and royalty interests were located in 41 states and in 64 onshore basins in the continental United States. Many of these interests are in active resource plays, including the Bakken/Three Forks, Eagle Ford Shale, Wolfcamp, Haynesville/Bossier, and Fayetteville Shale plays, as well as emerging plays, such as the Lower Wilcox and Canyon Lime plays..
Here are some other firms who have updated their holdings. As of quarter end Morgan Stanley had bought a total of 968,672 shares growing its position 49.3%. The value of the investment in (BSM) went from $36,880,000 to $48,415,000 a change of 31.3% quarter to quarter. Goldman Sachs Group Inc augmented its position by buying 352,537 shares an increase of 54.8% as of 03/31/2017. Goldman Sachs Group Inc currently owns 995,362 shares worth $16,433,000. The value of the position overall is up by 36.1%.
As of the end of the quarter Yost Capital Management, L.l.c. had disposed of 5,080 shares trimming its holdings by 3.7%. The value in dollars decreased from $2,558,000 to $2,165,000 a change of $393,000 quarter over quarter. As of quarter end Susquehanna International Group, Llp had disposed of 49,700 shares trimming its stake by 32.4%. The value of the company’s investment in Black Stone Minerals, L.P. Comm decreased from $2,879,000 to $1,710,000 decreasing 40.6% since the last quarter.
Stifel Nicolaus initiated coverage on BSM setting a rating of “Buy”. August 16 investment analysts at Barclays made no change to the stock rating of “Overweight” but moved up the price target to $20.00 from $18.00.
On March 23, 2016 FBR Capital starting coverage on BSM with a rating of “Outperform” and a price target of $17.00. On September 30 Barclays held the stock rating at “Overweight” but lowered the price target from $20.00 to $18.00.
Equity analyst Simmons released its first research report on the stock with an initial rating of “Overweight” and establishing a price target of $20.00. On June 24 Barclays maintained a stock rating of “Overweight” and moved down the price target from $21.00 to $20.00.
The company is so far trading up by 0.13 percent from yesterday’s close. Additionally Black Stone Minerals, L.P. Comm recently declared a dividend that was paid on Thursday the 25th of May 2017. The dividend was $0.288 per share for the quarter which comes to $1.15 on an annualized basis. This dividend represents a yield of $7.06. The ex-dividend date was Tuesday the 16th of May 2017.
The stock is trading at $15.75 which is marginally under the 50 day moving average which is $16.34 and which is just under the 200 day moving average of $17.54. The 50 day moving average went down by -3.60% and the 200 day average went down $-1.79 or -10.21%.
Black Stone Minerals, L.P. Comm currently has a P/E ratio of 45.92 and the market cap is 3.04B. In the last earnings report the EPS was $0.34 and is estimated to be $0.72 for the current year with 193,086,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.17 and the next full year EPS is projected to be $0.81.