Black Stone Minerals, L.P. (NYSE:BSM) Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,378 shares of the oil and gas producer’s stock after acquiring an additional 1,774 shares during the period. Flagship Harbor Advisors LLC’s holdings in Black Stone Minerals were worth $356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC raised its position in 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 valued at $4,162,000 after purchasing an additional 109,500 shares during the period. International Assets Investment Management LLC acquired a new position in Black Stone Minerals during the 3rd quarter worth about $8,240,000. ING Groep NV boosted its holdings in Black Stone Minerals by 5.9% during the 3rd 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. Fiducient Advisors LLC acquired a new position in Black Stone Minerals in the 3rd quarter valued at about $12,253,000. Finally, Stifel Financial Corp increased its stake in Black Stone Minerals by 9.6% during the third quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer’s stock worth $2,624,000 after purchasing an additional 15,236 shares during the period. Institutional investors and hedge funds own 14.49% of the company’s stock.

Analyst Ratings Changes

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

Black Stone Minerals Stock Performance

BSM stock opened at $14.80 on Wednesday. The company’s 50 day moving average price is $14.85 and its 200 day moving average price is $14.91. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.14 and a beta of 0.96. Black Stone Minerals, L.P. has a fifty-two week low of $13.78 and a fifty-two week high of $16.92.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $134.86 million for the quarter, compared to the consensus estimate of $117.68 million. Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. During the same period in the prior year, the firm posted $0.27 EPS. Equities analysts forecast that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal 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.