Penn Davis Mcfarland Inc. Has $23.38 Million Holdings in Black Stone Minerals, L.P. (NYSE:BSM)

Penn Davis Mcfarland Inc. increased its holdings in Black Stone Minerals, L.P. (NYSE:BSM - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,601,182 shares of the oil and gas producer's stock after buying an additional 245,009 shares during the period. Black Stone Minerals comprises approximately 2.5% of Penn Davis Mcfarland Inc.'s holdings, making the stock its 14th biggest position. Penn Davis Mcfarland Inc. owned 0.76% of Black Stone Minerals worth $23,377,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BSM. Moody National Bank Trust Division grew its holdings in shares of Black Stone Minerals by 35.2% during the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer's stock valued at $276,000 after purchasing an additional 4,924 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Black Stone Minerals by 64.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,738 shares of the oil and gas producer's stock valued at $509,000 after purchasing an additional 13,204 shares during the period. JPMorgan Chase & Co. bought a new position in Black Stone Minerals during the 3rd quarter worth $76,000. EP Wealth Advisors LLC acquired a new stake in Black Stone Minerals in the third quarter worth $417,000. Finally, Stifel Financial Corp lifted its stake 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 valued at $2,624,000 after buying an additional 15,236 shares during the last quarter. Institutional investors own 14.49% of the company's stock.

Black Stone Minerals Price Performance

Shares of BSM traded up $0.09 during trading hours on Monday, reaching $15.60. 347,190 shares of the company's stock traded hands, compared to its average volume of 632,591. Black Stone Minerals, L.P. has a twelve month low of $13.78 and a twelve month high of $16.92. The business's fifty day simple moving average is $14.83 and its two-hundred day simple moving average is $14.93. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 9.63 and a beta of 0.96.

Black Stone Minerals (NYSE:BSM - Get Free Report) last issued its quarterly 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. Black Stone Minerals had a net margin of 67.54% and a return on equity of 41.49%. The company had revenue of $134.86 million during the quarter, compared to analyst estimates of $117.68 million. During the same period in the prior year, the business posted $0.27 EPS. On average, equities research analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Black Stone Minerals from a "hold" rating to a "buy" rating in a research report on Monday, December 16th. Piper Sandler dropped their price target on shares of Black Stone Minerals from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, November 18th.

About Black Stone Minerals

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.