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Black Stone Minerals, L.P. (NYSE:BSM – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $14.73 and traded as high as $15.03. Black Stone Minerals shares last traded at $14.8150, with a volume of 426,784 shares.

Analyst Upgrades and Downgrades BSM has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Black Stone Minerals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Zacks Research raised shares of Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.00.

View Our Latest Stock Analysis on Black Stone Minerals

Black Stone Minerals Stock Performance The firm has a 50 day moving average of $14.73 and a 200-day moving average of $14.28. The stock has a market capitalization of $3.15 billion, a PE ratio of 12.24 and a beta of 0.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.76 and a current ratio of 3.76. Black Stone Minerals (NYSE:BSM – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Black Stone Minerals had a return on equity of 41.48% and a net margin of 61.72%. The firm had revenue of $148.97 million during the quarter, compared to analyst estimates of $108.28 million. Research analysts forecast that Black Stone Minerals, L.P. will post 0.95 earnings per share for the current year.

Black Stone Minerals Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.6%. This is a positive change from Black Stone Minerals’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, August 6th. Black Stone Minerals’s payout ratio is currently 105.79%.

Insider Activity at Black Stone Minerals In related news, Director James Whitehead sold 2,127,105 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $13.21, for a total transaction of $28,099,057.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.70% of the company’s stock.

Institutional Inflows and Outflows Several large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its stake in shares of Black Stone Minerals by 140.2% during the 4th quarter. Corient Private Wealth LLC now owns 207,367 shares of the oil and gas producer’s stock valued at $2,756,000 after buying an additional 121,043 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in shares of Black Stone Minerals by 103.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 34,279 shares of the oil and gas producer’s stock valued at $479,000 after acquiring an additional 17,390 shares in the last quarter. Doliver Advisors LP increased its stake in shares of Black Stone Minerals by 30.4% in the second quarter. Doliver Advisors LP now owns 59,827 shares of the oil and gas producer’s stock worth $836,000 after acquiring an additional 13,950 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Black Stone Minerals in the third quarter worth $162,000. Finally, SteelPeak Wealth LLC acquired a new position in shares of Black Stone Minerals in the first quarter worth $166,000. Institutional investors and hedge funds own 14.49% of the company’s stock.

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Black Stone Minerals, L.P. (NYSE: BSM) is a Houston-based publicly traded limited partnership that owns and manages mineral, royalty, overriding royalty and working interests in oil and natural gas properties across the United States. Unlike exploration and production companies, Black Stone generally does not operate wells; instead, it leases its mineral interests to oil and gas producers and receives royalty payments from production.

The company’s asset base is concentrated in several major onshore U.S.

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Black Stone Minerals, L.P. (NYSE:BSM – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $14.70 and traded as high as $14.82. Black Stone Minerals shares last traded at $14.6950, with a volume of 413,277 shares traded.

Analyst Ratings Changes Several equities research analysts recently weighed in on BSM shares. Royal Bank Of Canada started coverage on shares of Black Stone Minerals in a research note on Friday, May 29th. They issued a “sector perform” rating and a $16.00 target price for the company. Weiss Ratings raised Black Stone Minerals from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, Zacks Research raised Black Stone Minerals from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.00.

Read Our Latest Stock Analysis on BSM

Black Stone Minerals Trading Up 0.9% The company’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $14.35. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 12.14 and a beta of 0.05. Black Stone Minerals (NYSE:BSM – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Black Stone Minerals had a return on equity of 41.48% and a net margin of 61.72%.The company had revenue of $148.97 million for the quarter, compared to analyst estimates of $108.28 million. Research analysts expect that Black Stone Minerals, L.P. will post 0.95 earnings per share for the current year.

Black Stone Minerals Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.32 dividend. This is a boost from Black Stone Minerals’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Thursday, August 6th. Black Stone Minerals’s payout ratio is presently 105.79%.

Insider Activity In related news, Director James Whitehead sold 2,127,105 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $13.21, for a total value of $28,099,057.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 17.70% of the company’s stock.

Institutional Trading of Black Stone Minerals A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSM. IKE Capital LLC raised its position in shares of Black Stone Minerals by 6.2% during the 2nd quarter. IKE Capital LLC now owns 17,000 shares of the oil and gas producer’s stock valued at $237,000 after acquiring an additional 1,000 shares during the last quarter. Tidal Investments LLC increased its holdings in Black Stone Minerals by 72.8% during the 2nd quarter. Tidal Investments LLC now owns 24,605 shares of the oil and gas producer’s stock worth $344,000 after purchasing an additional 10,366 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of Black Stone Minerals by 50.0% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 15,000 shares of the oil and gas producer’s stock worth $210,000 after acquiring an additional 5,000 shares in the last quarter. Ancora Advisors LLC bought a new stake in Black Stone Minerals during the 2nd quarter worth about $31,000. Finally, Doliver Advisors LP grew its position in shares of Black Stone Minerals by 30.4% in the 2nd quarter. Doliver Advisors LP now owns 59,827 shares of the oil and gas producer’s stock valued at $836,000 after acquiring an additional 13,950 shares during the period. 14.49% of the stock is currently owned by institutional investors and hedge funds.

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Black Stone Minerals, L.P. is a publicly traded master limited partnership that owns oil and natural gas mineral and royalty interests in the United States. The company generally does not operate wells directly; instead, it leases its mineral interests to exploration and production companies and receives royalty payments from the oil, natural gas and natural gas liquids produced from those properties.

Black Stone Minerals’ assets are located across numerous U.S. oil and gas regions, with significant exposure to areas including the Permian Basin, Haynesville Basin and Eagle Ford shale.

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3 Oil Exploration Stocks To Cushion WTI SwingsBlack Stone Minerals NYSE: BSM reported second-quarter results marked by lower overall production but stronger oil pricing, continued mineral acquisitions and expanding development activity across its Shelby Trough and Haynesville acreage.

The partnership said it increased its quarterly distribution by 7% to $0.32 per unit, or $1.28 on an annualized basis, citing confidence in its production outlook, oil-weighted asset performance and cash-flow generation. The distribution was covered 1.18 times during the quarter, according to Chief Financial Officer Chris Bonner.

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3 High-Yield Dividend Stocks That Are Probably Not On Your Radar“We do try to increase distributions when we have confidence that we're going to be able to maintain that distribution,” Co-CEO and President Taylor DeWalch said during the company’s earnings call. He said the increase reflects both strong results from oil assets and expectations for a coming production ramp from contracted development programs.

Quarterly Financial and Production Results Mineral and royalty production averaged 32.5 thousand barrels of oil equivalent per day during the second quarter, while total production averaged 33.5 thousand BOE per day. Production declined from the first quarter, primarily because of lower Haynesville natural-gas mineral royalty volumes.

Bonner said production can be uneven as wells are brought online at different times during the year, particularly given the company’s higher-interest positions in the Shelby Trough. However, management said it remains confident that rising rig activity and progress under development agreements will support higher production over the medium and long term.

The partnership’s average realized price excluding derivative settlements rose 7% sequentially to $37.82 per BOE. Higher oil prices and production helped offset lower natural-gas volumes, Bonner said. Oil and condensate accounted for 65% of oil and gas revenue during the quarter.

Net income was approximately $106 million. Adjusted EBITDA totaled $91 million. Distributable cash flow was $80 million. Bonner said the company benefited from price-driven activity in oil-producing areas, including operators turning drilled but uncompleted wells to sales. Management also highlighted solid contributions from acreage in the Permian Basin and Bakken.

Haynesville and Shelby Trough Development Advances Management described 2026 as an important inflection year as development advances across the Shelby Trough and Haynesville expansion area. DeWalch said activity across core areas is “moving in the right direction,” despite the quarter-over-quarter production decline.

Adamas had two rigs operating on Black Stone Minerals acreage at the end of the quarter and turned four wells to sales in July. The company expects another eight wells to begin production during the remainder of 2026, while Adamas plans to drill 17 wells during its program year that started in July.

Revenant spud two additional wells during the quarter, despite a reduction in its first-year drilling commitment following a previously disclosed well-control incident. Caturus began operations under its agreement with Black Stone Minerals, with a pilot well underway in Cherokee County and development drilling expected to begin in the second half of 2026.

The company also said it is in discussions with a prospective operator about a potential new development agreement that could expand its contracted development footprint. DeWalch said Black Stone Minerals has been marketing additional Shelby Trough acreage and is nearing the point at which it could disclose another formal agreement with a Haynesville operator.

Industry activity across the Haynesville increased during the quarter, including a significant rise in active rigs on the company’s Haynesville and Shelby Trough acreage. Management said results from Expand’s Bobby Yancey well in Houston County, along with drilling in Anderson County, support its view that the Shelby Trough is connected to the Western Haynesville.

DeWalch said operators are being drawn to the area by current returns, delineation needs and commitments under development agreements, as well as the need for additional natural-gas inventory as legacy Haynesville opportunities decline.

Acquisitions, Leasing and Portfolio Activity Black Stone Minerals completed about $40 million in mineral and royalty acquisitions during the quarter. Since launching its acquisition program nearly three years ago, the partnership has deployed almost $300 million, primarily for acreage located within or adjacent to its core development areas.

Co-CEO and President Fowler Carter said the company continues to identify acquisition opportunities that complement its existing position and increase exposure to future development.

Leasing and asset-management initiatives also added to first-half results. Strong leasing activity generated approximately $13 million in lease bonus and other income, exceeding management’s expectations at the start of the year. In addition, a review of deduct-free lease provisions launched late last year resulted in about $6.5 million of refunds collected to date.

Management said leasing activity has been particularly notable across the Permian, Bakken and Woodford Barnett areas. DeWalch said this activity is producing leasing income today and could support future production and development.

Outside the Shelby Trough, Blue Arrow continued development in the Southern Delaware Basin. Three wells were turned to sales during the quarter, while the remaining 22 wells in the program are expected to come online in the second half of 2026 and into 2027.

Capital Allocation and Outlook Management said debt has recently supported the company’s acquisition program in the Shelby Trough. During the question-and-answer session, DeWalch said Black Stone Minerals views its leverage as peer-leading and intends to remain disciplined as it considers future capital allocation.

The company also plans to evaluate options related to its preferred equity agreement with Apollo when the next open window arrives, while continuing to assess acquisition opportunities and other uses of capital.

Management said its diversified oil and natural-gas portfolio, growing development footprint and location near Gulf Coast demand centers position the partnership to pursue sustainable production growth, cash flow and long-term value for unitholders.

About Black Stone Minerals (NYSE:BSM)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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