Black Stone Minerals, L.P. (NYSE:BSM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Black Stone Minerals, L.P. is the owner of oil and natural gas mineral primarily in the United States. Black Stone Minerals, L.P. is based in Houston, United States. “

Several other equities analysts have also issued reports on BSM. BidaskClub upgraded Black Stone Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. TheStreet upgraded Black Stone Minerals, L.P. from a “d+” rating to a “c” rating in a research note on Thursday, June 8th. Scotiabank set a $20.00 target price on Black Stone Minerals, L.P. and gave the company a “hold” rating in a research note on Monday, April 3rd. Barclays PLC reiterated an “overweight” rating and issued a $19.00 target price (down previously from $20.00) on shares of Black Stone Minerals, L.P. in a research note on Wednesday, May 17th. Finally, Stifel Nicolaus upgraded Black Stone Minerals, L.P. from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.75.

Shares of Black Stone Minerals, L.P. (BSM) traded up 0.75% during mid-day trading on Tuesday, reaching $16.03. 90,009 shares of the company traded hands. The stock has a market capitalization of $3.10 billion, a PE ratio of 46.73 and a beta of 0.27. The firm has a 50 day moving average of $16.14 and a 200-day moving average of $17.25. Black Stone Minerals, L.P. has a 52 week low of $14.97 and a 52 week high of $19.86.

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In related news, CEO Thomas L. Carter, Jr. purchased 7,750 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was bought at an average cost of $15.86 per share, with a total value of $122,915.00. Following the completion of the acquisition, the chief executive officer now owns 1,124,273 shares of the company’s stock, valued at approximately $17,830,969.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexander D. Stuart purchased 18,650 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was bought at an average cost of $16.00 per share, with a total value of $298,400.00. Following the completion of the acquisition, the director now directly owns 310,698 shares of the company’s stock, valued at approximately $4,971,168. The disclosure for this purchase can be found here. Insiders have purchased 44,000 shares of company stock valued at $719,635 in the last ninety days. Corporate insiders own 24.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in shares of Black Stone Minerals, L.P. by 65.5% in the first quarter. Stifel Financial Corp now owns 55,722 shares of the oil and gas producer’s stock worth $920,000 after buying an additional 22,061 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Black Stone Minerals, L.P. by 8.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,900 shares of the oil and gas producer’s stock worth $196,000 after buying an additional 902 shares during the last quarter. Wade G W & Inc. bought a new position in shares of Black Stone Minerals, L.P. during the first quarter worth about $3,260,000. Lucas Capital Management increased its position in shares of Black Stone Minerals, L.P. by 8.2% in the first quarter. Lucas Capital Management now owns 226,678 shares of the oil and gas producer’s stock worth $3,742,000 after buying an additional 17,200 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Black Stone Minerals, L.P. by 36.0% in the first quarter. First Trust Advisors LP now owns 490,253 shares of the oil and gas producer’s stock worth $8,094,000 after buying an additional 129,890 shares during the last quarter. 24.81% of the stock is owned by institutional investors.

Black Stone Minerals, L.P. Company Profile

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

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