Flagship Harbor Advisors LLC Increases Stock Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

Flagship Harbor Advisors LLC lifted its stake in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,378 shares of the oil and gas producer’s stock after buying an additional 1,774 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Black Stone Minerals were worth $356,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new position in Black Stone Minerals during the third quarter worth approximately $54,000. JPMorgan Chase & Co. acquired a new position in shares of Black Stone Minerals in the 3rd quarter valued at $76,000. BCS Wealth Management raised its position in Black Stone Minerals by 15.1% in the 3rd quarter. BCS Wealth Management now owns 14,130 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 1,852 shares during the last quarter. Indie Asset Partners LLC acquired a new stake in Black Stone Minerals during the 3rd quarter worth $234,000. Finally, Redhawk Wealth Advisors Inc. grew its position in Black Stone Minerals by 10.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 16,005 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Stock Performance

Shares of BSM opened at $14.80 on Wednesday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 9.14 and a beta of 0.96. Black Stone Minerals, L.P. has a 1 year low of $13.78 and a 1 year high of $16.92. The company’s fifty day moving average is $14.85 and its two-hundred day moving average is $14.91.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $134.86 million for the quarter, compared to analyst estimates 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 previous year, the business posted $0.27 earnings per share. Sell-side analysts predict that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BSM shares. Piper Sandler decreased 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 note on Monday, November 18th. StockNews.com raised Black Stone Minerals from a “hold” rating to a “buy” rating in a research note on Monday, December 16th.

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.