Black Stone Minerals, L.P. (BSM) Position Held by William Marsh Rice University

William Marsh Rice University held its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) during the first quarter, Holdings Channel reports. The firm owned 4,205,170 shares of the oil and gas producer’s stock at the end of the first quarter. Black Stone Minerals, L.P. makes up approximately 59.9% of William Marsh Rice University’s investment portfolio, making the stock its largest position. William Marsh Rice University’s holdings in Black Stone Minerals, L.P. were worth $69,427,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Global X Management Co. LLC increased its position in shares of Black Stone Minerals, L.P. by 3.4% in the first quarter. Global X Management Co. LLC now owns 27,179 shares of the oil and gas producer’s stock valued at $449,000 after buying an additional 890 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Black Stone Minerals, L.P. by 8.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,900 shares of the oil and gas producer’s stock valued at $196,000 after buying an additional 902 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Black Stone Minerals, L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 17,434 shares of the oil and gas producer’s stock valued at $288,000 after buying an additional 5,034 shares in the last quarter. Cannell Capital LLC increased its position in shares of Black Stone Minerals, L.P. by 29.8% in the first quarter. Cannell Capital LLC now owns 36,872 shares of the oil and gas producer’s stock valued at $609,000 after buying an additional 8,476 shares in the last quarter. Finally, FMR LLC increased its position in shares of Black Stone Minerals, L.P. by 0.5% in the first quarter. FMR LLC now owns 1,639,748 shares of the oil and gas producer’s stock valued at $27,072,000 after buying an additional 8,548 shares in the last quarter. 24.85% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Black Stone Minerals, L.P. (NYSE:BSM)

Black Stone Minerals, L.P. (BSM) traded up 0.25% during mid-day trading on Monday, hitting $15.79. The stock had a trading volume of 170,993 shares. The stock’s 50 day moving average price is $16.34 and its 200 day moving average price is $17.54. Black Stone Minerals, L.P. has a one year low of $14.24 and a one year high of $19.86. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 46.03 and a beta of 0.27.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 18th were paid a dividend of $0.2875 per share. The ex-dividend date was Tuesday, May 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.28%. Black Stone Minerals, L.P.’s dividend payout ratio (DPR) is currently 267.44%.

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BSM has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Black Stone Minerals, L.P. to $19.00 in a research report on Wednesday, March 1st. TheStreet raised Black Stone Minerals, L.P. from a “d+” rating to a “c” rating in a research report on Thursday. Scotiabank set a $20.00 price target on Black Stone Minerals, L.P. and gave the stock a “hold” rating in a research report on Tuesday, February 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $19.00 price target (down from $20.00) on shares of Black Stone Minerals, L.P. in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $19.75.

In other news, CEO Thomas L. Carter, Jr. bought 7,750 shares of the stock in a transaction dated Friday, June 9th. The shares were bought at an average price of $15.86 per share, for a total transaction of $122,915.00. Following the completion of the purchase, the chief executive officer now owns 1,124,273 shares in the company, valued at $17,830,969.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexander D. Stuart bought 18,650 shares of the stock in a transaction dated Friday, June 9th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $298,400.00. Following the purchase, the director now owns 310,698 shares of the company’s stock, valued at approximately $4,971,168. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 44,000 shares of company stock worth $719,635. 24.30% of the stock is owned by corporate insiders.

About Black Stone Minerals, L.P.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BSM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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