Black Stone Minerals, L.P. (NYSE:BSM) Shares Sold by MAS Advisors LLC

MAS Advisors LLC lessened its position in Black Stone Minerals, L.P. (NYSE:BSM) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,568 shares of the oil and gas producer’s stock after selling 3,611 shares during the quarter. MAS Advisors LLC’s holdings in Black Stone Minerals were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BSM. Larson Financial Group LLC acquired a new stake in shares of Black Stone Minerals during the third quarter worth about $54,000. JPMorgan Chase & Co. acquired a new position in shares of Black Stone Minerals in the third quarter worth $76,000. BCS Wealth Management increased its position in shares of Black Stone Minerals by 15.1% during the third quarter. BCS Wealth Management now owns 14,130 shares of the oil and gas producer’s stock worth $213,000 after acquiring an additional 1,852 shares during the period. Indie Asset Partners LLC acquired a new stake in shares of Black Stone Minerals in the third quarter valued at $234,000. Finally, Redhawk Wealth Advisors Inc. boosted 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. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Stock Up 2.1 %

NYSE:BSM opened at $14.97 on Wednesday. Black Stone Minerals, L.P. has a 52-week low of $13.78 and a 52-week high of $16.92. The stock’s 50 day moving average price is $14.78 and its 200 day moving average price is $14.87. The company has a market capitalization of $3.15 billion, a PE ratio of 9.24 and a beta of 0.94.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $134.86 million during 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 quarter in the prior year, the firm earned $0.27 earnings per share. As a group, sell-side analysts anticipate that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler reduced their price target on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock 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 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.