Black Stone Minerals, L.P. (NYSE:BSM) Announces Quarterly Dividend of $0.30

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 8th will be given a dividend of 0.30 per share by the oil and gas producer on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, May 8th.

Black Stone Minerals has increased its dividend by an average of 0.1%annually over the last three years. Black Stone Minerals has a dividend payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Black Stone Minerals to earn $1.16 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 103.4%.

Black Stone Minerals Price Performance

Black Stone Minerals stock opened at $14.21 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.88 and a quick ratio of 3.88. The company has a market capitalization of $3.02 billion, a PE ratio of 11.10 and a beta of 0.19. Black Stone Minerals has a one year low of $11.78 and a one year high of $15.49. The business has a 50 day simple moving average of $14.84 and a 200 day simple moving average of $14.16.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $118.70 million during the quarter, compared to the consensus estimate of $98.08 million. Black Stone Minerals had a return on equity of 43.31% and a net margin of 62.26%. On average, sell-side analysts forecast that Black Stone Minerals will post 0.91 EPS for the current fiscal year.

Insider Activity

In other news, SVP Luke Stevens Putman sold 30,276 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $15.25, for a total value of $461,709.00. Following the transaction, the senior vice president directly owned 761,417 shares in the company, valued at $11,611,609.25. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Novare Capital Management LLC boosted its position in shares of Black Stone Minerals by 26.4% in the 1st quarter. Novare Capital Management LLC now owns 18,200 shares of the oil and gas producer’s stock worth $275,000 after purchasing an additional 3,800 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Black Stone Minerals by 140.2% in the 4th quarter. Corient Private Wealth LLC now owns 207,367 shares of the oil and gas producer’s stock worth $2,756,000 after purchasing an additional 121,043 shares during the last quarter. Aristides Capital LLC boosted its position in shares of Black Stone Minerals by 3.3% in the 4th quarter. Aristides Capital LLC now owns 35,516 shares of the oil and gas producer’s stock worth $472,000 after purchasing an additional 1,120 shares during the last quarter. Rare Wolf Capital LLC bought a new position in shares of Black Stone Minerals in the 4th quarter worth $968,000. Finally, Beacon Pointe Advisors LLC boosted its position in shares of Black Stone Minerals by 5.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 79,792 shares of the oil and gas producer’s stock worth $1,060,000 after purchasing an additional 4,002 shares during the last quarter. 14.49% of the stock is currently owned by institutional investors.

About Black Stone Minerals

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.