Black Stone Minerals, L.P. (NYSE:BSM) Short Interest Update

Black Stone Minerals, L.P. (NYSE:BSM) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,190,000 shares, a decrease of 6.4% from the December 15th total of 2,340,000 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 516,200 shares, the short-interest ratio is presently 4.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BSM shares. StockNews.com upgraded Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Piper Sandler dropped their target price on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, November 18th.

Institutional Trading of Black Stone Minerals

A number of institutional investors have recently modified their holdings of the company. Horizon Kinetics Asset Management LLC lifted its stake in shares of Black Stone Minerals by 65.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 275,638 shares of the oil and gas producer’s stock worth $4,162,000 after buying an additional 109,500 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Black Stone Minerals during the third quarter valued at about $8,240,000. Magnolia Capital Advisors LLC purchased a new stake in Black Stone Minerals in the 2nd quarter worth approximately $2,480,000. ING Groep NV raised its holdings in Black Stone Minerals by 5.9% during the third quarter. ING Groep NV now owns 652,900 shares of the oil and gas producer’s stock valued at $9,859,000 after acquiring an additional 36,300 shares during the period. Finally, Fiducient Advisors LLC purchased a new position in shares of Black Stone Minerals in the third quarter worth $12,253,000. 14.49% of the stock is currently owned by hedge funds and other institutional investors.

Black Stone Minerals Stock Performance

NYSE:BSM traded up $0.09 on Friday, hitting $15.60. The stock had a trading volume of 347,190 shares, compared to its average volume of 632,591. The stock has a market cap of $3.29 billion, a P/E ratio of 9.63 and a beta of 0.96. Black Stone Minerals has a 1 year low of $13.78 and a 1 year high of $16.92. The firm’s fifty day simple moving average is $14.83 and its two-hundred day simple moving average is $14.93.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The business had revenue of $134.86 million during the quarter, compared to analyst estimates of $117.68 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Equities research analysts predict that Black Stone Minerals will post 1.36 EPS for the current year.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.