Saber Capital Managment LLC Buys New Position in Black Stone Minerals, L.P. (NYSE:BSM)

Saber Capital Managment LLC purchased a new position in Black Stone Minerals, L.P. (NYSE:BSM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,782 shares of the oil and gas producer’s stock, valued at approximately $436,000. Black Stone Minerals makes up about 0.8% of Saber Capital Managment LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors also recently bought and sold shares of BSM. Morgan Stanley raised its holdings in Black Stone Minerals by 144.9% in the fourth quarter. Morgan Stanley now owns 4,004,701 shares of the oil and gas producer’s stock worth $67,559,000 after purchasing an additional 2,369,656 shares in the last quarter. UBS Group AG increased its stake in shares of Black Stone Minerals by 12,416.2% during the first quarter. UBS Group AG now owns 1,587,809 shares of the oil and gas producer’s stock valued at $21,372,000 after purchasing an additional 1,575,123 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Black Stone Minerals by 239.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,152,661 shares of the oil and gas producer’s stock valued at $19,445,000 after purchasing an additional 812,840 shares in the last quarter. Epacria Capital Partners LLC bought a new position in shares of Black Stone Minerals during the fourth quarter valued at approximately $12,149,000. Finally, Natixis increased its stake in shares of Black Stone Minerals by 97.9% during the fourth quarter. Natixis now owns 1,409,600 shares of the oil and gas producer’s stock valued at $23,780,000 after purchasing an additional 697,400 shares in the last quarter. 13.32% of the stock is owned by institutional investors.

Black Stone Minerals Stock Up 0.6 %

Shares of BSM opened at $17.64 on Friday. The company has a market capitalization of $3.96 billion, a P/E ratio of 7.00 and a beta of 1.04. The firm has a 50 day moving average of $16.94 and a 200 day moving average of $16.14. Black Stone Minerals, L.P. has a twelve month low of $13.41 and a twelve month high of $20.24.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, July 31st. The oil and gas producer reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Black Stone Minerals had a return on equity of 48.98% and a net margin of 75.74%. The business had revenue of $117.00 million during the quarter, compared to the consensus estimate of $116.33 million. On average, sell-side analysts expect that Black Stone Minerals, L.P. will post 1.86 EPS for the current year.

Black Stone Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 11th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date was Thursday, August 10th. Black Stone Minerals’s dividend payout ratio (DPR) is presently 75.40%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BSM shares. Raymond James initiated coverage on shares of Black Stone Minerals in a research note on Monday, July 24th. They set an “outperform” rating and a $21.00 target price for the company. StockNews.com initiated coverage on Black Stone Minerals in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Piper Sandler raised their price target on Black Stone Minerals from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 14th.

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 16.8 million gross acres, and overriding royalty interests in 1.8 million gross acres located in 41 states in the United States.