BSM Stock Recent News

With oil remaining above $80 a barrel, it would be prudent to add energy stocks like Black Stone Minerals (BSM), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).

BSM, GSBD and SMMF made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 31, 2023.

Oil prices have swung from over $100 per barrel to under $80 per barrel in a year. Indeed, some portfolios need to be optimally built to cushion such swings and what effects these have on the economy.

Dividend stocks are a vital component of any investment portfolio, ensuring a solid source of passive income. But buyer beware.

While the top- and bottom-line numbers for Black Stone Minerals (BSM) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” “the Company”, or “the Partnership”) today declared the distribution attributable to the second quarter of 2023. Additionally, the Partnership announced the date of its second quarter 2023 earnings call. Common Distribution The Board of Directors of the general partner has approved a cash distribution for common units attributable to the second quarter of 2023 of $0.475 per unit. The $0.475 per unit maintain.

Black Stone Minerals currently offers a yield of 11.8%. Can the pure-play owner of oil and gas mineral rights and royalties sustain its cash distribution? In this article, I take an in-depth look at the operations to answer the above question. I believe that the expected near-term production growth and a favorable hedge program support the company's commitment to maintaining or slightly increasing cash distributions.

ASC, BSM and HP have been added to the Zacks Rank #5 (Strong Sell) List on July 7, 2023.

Months ago, I first queried YCharts for U.S. dividend stocks yielding greater than 5% annually and solely pegged “attractive” in Y-ratings (ranging from “not-rated” to “avoid,” “neutral,” or “attractive”). My recent query produced this list of July Divvy Nifty-60 stocks; of which, 58 measure-up to the dogcatcher ideal of promising dividend payouts, from $1k invested, greater than their single-share prices. How're they doin' now? The top-ten of 60 divvy 58 for July ranged 12.08% to 29.96% in annual-yield and ranged 27.39% to 43.48% in one-year price-target-upsides per brokers as-of 6/30/23.

In this four-part series, I will review how to structure a dividend investor's oil and energy portfolio with my oil and energy playbook. Part 4 will discuss the general strategy and our fourth position, special teams. Both companies have unlocked the potential to spur growth over the long run.