Here is the rundown on market activity for Black Stone Minerals, L.P. Comm (NYSE:BSM). Director Alexander D. Stuart acquired 18,650 shares at an average price of $16.00 on June 9th. That brings Stuart’s holdings to $4,971,168 per an SEC filing yesterday. President, CEO and Chairman Thomas L. Jr Carter bought 7,750 shares at an average price of $15.86 on Fri the 9th. The President, CEO and Chairman now owns $17,830,970 of the stock as reported to the SEC.
Thomas L. Jr Carter, President, CEO and Chairman bought $298,144 worth of shares at a price of $16.94 on Fri the 12th. That brings the President, CEO and Chairman’s holdings to $18,913,900 as recorded in a recent Form 4 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 a few additional firms who have increased or decreased their stake in (BSM). Morgan Stanley bolstered its investment by buying 968,672 shares an increase of 49.3% in the quarter. Morgan Stanley controls 2,932,484 shares valued at $48,415,000. The total value of its holdings increased 31.3%. As of the end of the quarter Goldman Sachs Group Inc had acquired a total of 352,537 shares growing its position 54.8%. The value in dollars went from $12,072,000 to $16,433,000 a change of 36.1% for the reporting period.
Yost Capital Management, L.l.c. trimmed its stake by selling 5,080 shares a decrease of 3.7%. Yost Capital Management, L.l.c. now controls 131,123 shares with a value of $2,165,000. The value of the position overall is down by 15.4%. As of quarter end Susquehanna International Group, Llp had sold 49,700 shares trimming its holdings 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% quarter to quarter.
On September 6 analysts at Stifel Nicolaus added BSM to its research portfolio setting a rating of “Buy”. August 16 investment analysts at Barclays left the company rating at “Overweight” and raised the price expectation from $18.00 to $20.00.
Equity analyst FBR Capital issued its first research report on the stock with an initial rating of “Outperform” and price target of $17.00. On September 30 Barclays held the company rating at “Overweight” but moved down the price target to $18.00 from $20.00.
Simmons began coverage of the stock by announcing an initial rating of “Overweight” and a price target of $20.00. June 24 investment analysts at Barclays left the stock rating at “Overweight” and lowered the price target from $21.00 to $20.00.
The company is up since yesterday’s close of $15.73. The company announced a dividend which was paid on Thursday May 25th, 2017. The dividend payment was $0.288 per share for the quarter which comes to $1.15 on an annualized basis. This dividend amount was represent a yeild of $7.06. The ex-dividend date was set for Tuesday the 16th of May 2017.
It is currently trading at $15.75 a tad under the 50 day moving average of $16.34 and which is marginally lower than the 200 day moving average of $17.54. The 50 day moving average moved down $-0.59 and the 200 day average was down $-1.79.
The P/E ratio is currently 45.92 and market capitalization is 3.04B. In the last earnings report the EPS was $0.34 and is projected to be $0.72 for the current year with 193,086,000 shares outstanding. Next quarter’s EPS is forecasted at $0.17 with next year’s EPS projected to be $0.81.