Barclays PLC Has $603,000 Stock Position in Black Stone Minerals, L.P. (NYSE:BSM)

Barclays PLC lowered its position in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) by 47.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Several other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new stake in shares of Black Stone Minerals in the 3rd quarter valued at approximately $417,000. Stifel Financial Corp grew its position in Black Stone Minerals by 9.6% in the third quarter. Stifel Financial Corp now owns 173,775 shares of the oil and gas producer's stock worth $2,624,000 after acquiring an additional 15,236 shares in the last quarter. HighTower Advisors LLC grew its position in Black Stone Minerals by 1.7% in the third quarter. HighTower Advisors LLC now owns 404,828 shares of the oil and gas producer's stock worth $6,113,000 after acquiring an additional 6,898 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Black Stone Minerals by 47.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 19,300 shares of the oil and gas producer's stock valued at $291,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Cadence Bank raised its holdings in shares of Black Stone Minerals by 2.6% during the 3rd quarter. Cadence Bank now owns 27,650 shares of the oil and gas producer's stock valued at $418,000 after purchasing an additional 689 shares in the last quarter. 14.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com raised shares of Black Stone Minerals from a "hold" rating to a "buy" rating in a research report on Monday, December 16th. Piper Sandler decreased their price target on 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.

Black Stone Minerals Stock Performance

Shares of Black Stone Minerals stock traded up $0.09 on Friday, reaching $15.60. The stock had a trading volume of 347,190 shares, compared to its average volume of 492,681. The business's 50-day moving average price is $14.83 and its two-hundred day moving average price is $14.94. 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, 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 - Get Free Report) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. The firm had revenue of $134.86 million during 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 quarter in the previous year, the business earned $0.27 EPS. As a group, equities analysts forecast that Black Stone Minerals, L.P. will post 1.36 earnings per share 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.