Texas Children s lifted its holdings in shares of Black Stone Minerals LP (NYSE:BSM) by 106.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,689,939 shares of the oil and gas producer’s stock after purchasing an additional 2,421,347 shares during the quarter. Black Stone Minerals comprises about 89.2% of Texas Children s’ holdings, making the stock its biggest holding. Texas Children s’ holdings in Black Stone Minerals were worth $72,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BSM. Alps Advisors Inc. acquired a new stake in shares of Black Stone Minerals during the first quarter worth about $411,000. Raymond James & Associates raised its holdings in Black Stone Minerals by 4.1% in the first quarter. Raymond James & Associates now owns 92,063 shares of the oil and gas producer’s stock valued at $1,624,000 after acquiring an additional 3,664 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Black Stone Minerals by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 297,384 shares of the oil and gas producer’s stock valued at $5,246,000 after acquiring an additional 835 shares in the last quarter. First Trust Advisors LP raised its holdings in Black Stone Minerals by 10.6% in the first quarter. First Trust Advisors LP now owns 263,275 shares of the oil and gas producer’s stock valued at $4,644,000 after acquiring an additional 25,159 shares in the last quarter. Finally, Kempner Capital Management Inc. raised its holdings in Black Stone Minerals by 54.8% in the second quarter. Kempner Capital Management Inc. now owns 237,526 shares of the oil and gas producer’s stock valued at $3,682,000 after acquiring an additional 84,037 shares in the last quarter. 23.04% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Black Stone Minerals from a “sell” rating to a “hold” rating in a report on Monday, August 12th. ValuEngine cut shares of Black Stone Minerals from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Citigroup set a $16.00 target price on shares of Black Stone Minerals and gave the company a “buy” rating in a report on Monday, August 12th. Finally, TheStreet cut shares of Black Stone Minerals from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.25.

NYSE:BSM traded down $0.05 during mid-day trading on Friday, hitting $14.57. The stock had a trading volume of 19,087 shares, compared to its average volume of 188,831. The stock has a 50-day simple moving average of $14.44 and a two-hundred day simple moving average of $16.30. The company has a market capitalization of $3.01 billion, a PE ratio of 10.08 and a beta of 0.58. Black Stone Minerals LP has a twelve month low of $13.61 and a twelve month high of $18.77. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.52.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.48 annualized dividend and a yield of 10.16%. Black Stone Minerals’s dividend payout ratio (DPR) is 102.07%.

About Black Stone Minerals

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and 64 onshore basins in the continental United States.

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Institutional Ownership by Quarter for Black Stone Minerals (NYSE:BSM)

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