Zacks Investment Research upgraded shares of Black Stone Minerals, L.P. (NYSE:BSM) from a sell rating to a hold rating in a research report released on Friday.

According to Zacks, “Black Stone Minerals, L.P. is the owner of oil and natural gas mineral primarily in the United States. Black Stone Minerals, L.P. is based in Houston, United States. “

BSM has been the subject of a number of other reports. Stifel Nicolaus reiterated a buy rating and set a $18.00 price target on shares of Black Stone Minerals, L.P. in a research report on Friday, July 14th. Piper Jaffray Companies dropped their price target on shares of Black Stone Minerals, L.P. from $20.00 to $19.00 and set an overweight rating for the company in a research report on Monday, September 18th. Scotiabank set a $20.00 price target on shares of Black Stone Minerals, L.P. and gave the company a hold rating in a research report on Saturday, July 22nd. TheStreet upgraded shares of Black Stone Minerals, L.P. from a c rating to a b- rating in a research report on Friday, August 25th. Finally, Barclays PLC dropped their price target on shares of Black Stone Minerals, L.P. from $19.00 to $17.00 and set an overweight rating for the company in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $18.60.

Shares of Black Stone Minerals, L.P. (NYSE:BSM) opened at $17.54 on Friday. Black Stone Minerals, L.P. has a 12-month low of $15.12 and a 12-month high of $19.86. The stock has a market cap of $1,866.68, a PE ratio of 21.24 and a beta of 0.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 1.98.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 17th will be paid a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Thursday, November 16th. Black Stone Minerals, L.P.’s payout ratio is 147.06%.

Institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Black Stone Minerals, L.P. by 7.7% in the second quarter. FMR LLC now owns 1,766,800 shares of the oil and gas producer’s stock worth $27,845,000 after acquiring an additional 127,052 shares during the last quarter. Freestone Capital Holdings LLC lifted its stake in Black Stone Minerals, L.P. by 64.5% in the second quarter. Freestone Capital Holdings LLC now owns 110,209 shares of the oil and gas producer’s stock worth $1,737,000 after acquiring an additional 43,209 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Black Stone Minerals, L.P. in the second quarter worth approximately $8,726,000. Goldman Sachs Group Inc. lifted its stake in Black Stone Minerals, L.P. by 54.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,541,051 shares of the oil and gas producer’s stock worth $24,287,000 after acquiring an additional 545,689 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Black Stone Minerals, L.P. by 17.0% in the first quarter. Bank of America Corp DE now owns 52,859 shares of the oil and gas producer’s stock worth $873,000 after acquiring an additional 7,696 shares during the last quarter. Institutional investors own 21.98% of the company’s stock.

Black Stone Minerals, L.P. Company Profile

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’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.

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