Eagle Global Advisors LLC Has $241,000 Holdings in Black Stone Minerals, L.P. $BSM

Eagle Global Advisors LLC lessened its holdings in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 79.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,304 shares of the oil and gas producer’s stock after selling 70,818 shares during the quarter. Eagle Global Advisors LLC’s holdings in Black Stone Minerals were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BSM. Newbridge Financial Services Group Inc. boosted its holdings in shares of Black Stone Minerals by 71.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,981 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 1,245 shares during the period. Motco purchased a new stake in Black Stone Minerals in the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC boosted its stake in shares of Black Stone Minerals by 7,822.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,289 shares of the oil and gas producer’s stock valued at $95,000 after buying an additional 7,197 shares during the period. Astoria Portfolio Advisors LLC. purchased a new position in shares of Black Stone Minerals during the 3rd quarter valued at $135,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Black Stone Minerals during the 2nd quarter valued at $132,000. 14.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BSM. Zacks Research upgraded Black Stone Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Black Stone Minerals in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Black Stone Minerals has a consensus rating of “Hold” and a consensus target price of $13.00.

Black Stone Minerals Trading Down 0.4%

Shares of NYSE:BSM opened at $14.14 on Friday. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.00 billion, a PE ratio of 12.30 and a beta of 0.13. Black Stone Minerals, L.P. has a 1 year low of $11.78 and a 1 year high of $15.60. The firm has a fifty day moving average price of $13.83 and a 200 day moving average price of $13.10.

Black Stone Minerals (NYSE:BSM) last posted its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12. Black Stone Minerals had a return on equity of 40.08% and a net margin of 61.31%.The company had revenue of $132.47 million for the quarter, compared to analyst estimates of $106.20 million. Analysts expect that Black Stone Minerals, L.P. will post 1.36 EPS for the current fiscal year.

Black Stone Minerals Profile

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.