Investment Management Associates Inc. ADV Has $25.42 Million Stake in Black Stone Minerals, L.P. $BSM

Investment Management Associates Inc. ADV lifted its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,934,739 shares of the oil and gas producer’s stock after purchasing an additional 356,852 shares during the period. Black Stone Minerals accounts for 7.5% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 4th largest holding. Investment Management Associates Inc. ADV owned 0.91% of Black Stone Minerals worth $25,422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Moors & Cabot Inc. grew its holdings in Black Stone Minerals by 1.4% during the second quarter. Moors & Cabot Inc. now owns 63,000 shares of the oil and gas producer’s stock worth $824,000 after purchasing an additional 900 shares during the period. MAS Advisors LLC lifted its position in shares of Black Stone Minerals by 3.5% in the third quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock valued at $356,000 after buying an additional 913 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Black Stone Minerals by 8.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,416 shares of the oil and gas producer’s stock worth $150,000 after acquiring an additional 927 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in shares of Black Stone Minerals by 3.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 30,000 shares of the oil and gas producer’s stock worth $394,000 after acquiring an additional 1,000 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Black Stone Minerals by 5.1% during the 2nd quarter. IHT Wealth Management LLC now owns 22,598 shares of the oil and gas producer’s stock worth $296,000 after acquiring an additional 1,104 shares during the last quarter. 14.49% of the stock is owned by institutional investors.

Black Stone Minerals Stock Up 0.1%

BSM opened at $15.15 on Wednesday. The stock has a fifty day moving average of $14.17 and a 200-day moving average of $13.34. The company has a market capitalization of $3.21 billion, a P/E ratio of 13.17 and a beta of 0.18. Black Stone Minerals, L.P. has a fifty-two week low of $11.78 and a fifty-two week high of $15.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.37 and a current ratio of 4.37.

Black Stone Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 18th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Wednesday, February 18th. Black Stone Minerals’s payout ratio is presently 104.35%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BSM. KeyCorp reaffirmed a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Black Stone Minerals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Black Stone Minerals presently has a consensus rating of “Hold” and an average price target of $13.00.

Black Stone Minerals Company Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.