Barclays PLC Sells 36,361 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

Barclays PLC lessened its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 47.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,925 shares of the oil and gas producer’s stock after selling 36,361 shares during the quarter. Barclays PLC’s holdings in Black Stone Minerals were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Cadence Bank increased its position in Black Stone Minerals by 2.6% in the 3rd quarter. Cadence Bank now owns 27,650 shares of the oil and gas producer’s stock valued at $418,000 after acquiring an additional 689 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in Black Stone Minerals by 10.1% in the third quarter. Redhawk Wealth Advisors Inc. now owns 16,005 shares of the oil and gas producer’s stock valued at $242,000 after purchasing an additional 1,465 shares during the period. MAS Advisors LLC increased its holdings in Black Stone Minerals by 5.4% in the second quarter. MAS Advisors LLC now owns 29,179 shares of the oil and gas producer’s stock valued at $457,000 after purchasing an additional 1,506 shares during the period. BCS Wealth Management raised its position in Black Stone Minerals by 15.1% during the 3rd quarter. BCS Wealth Management now owns 14,130 shares of the oil and gas producer’s stock worth $213,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in Black Stone Minerals by 3.3% during the 3rd quarter. Moors & Cabot Inc. now owns 93,450 shares of the oil and gas producer’s stock worth $1,411,000 after buying an additional 3,000 shares during the period. 14.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BSM has been the subject of a number of analyst reports. Piper Sandler lowered their price objective on 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. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a report on Monday, December 16th.

Black Stone Minerals Trading Up 0.6 %

Shares of BSM opened at $15.49 on Friday. The firm’s fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $14.94. Black Stone Minerals, L.P. has a 12 month low of $13.78 and a 12 month high of $16.92. The stock has a market capitalization of $3.26 billion, a P/E ratio of 9.56 and a beta of 0.96.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share (EPS) 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 company had revenue of $134.86 million for the quarter, compared to the consensus estimate of $117.68 million. During the same period in the previous year, the business earned $0.27 EPS. As a group, research analysts predict that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.

Black Stone Minerals 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.