40,471 Shares in Black Stone Minerals, L.P. $BSM Purchased by Americana Partners LLC

Americana Partners LLC acquired a new stake in Black Stone Minerals, L.P. (NYSE:BSM) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 40,471 shares of the oil and gas producer’s stock, valued at approximately $532,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Black Stone Minerals by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 2,543,814 shares of the oil and gas producer’s stock worth $33,273,000 after acquiring an additional 17,556 shares during the last quarter. Penn Davis Mcfarland Inc. increased its holdings in shares of Black Stone Minerals by 3.6% in the third quarter. Penn Davis Mcfarland Inc. now owns 1,918,790 shares of the oil and gas producer’s stock valued at $25,213,000 after purchasing an additional 66,898 shares during the last quarter. Investment Management Associates Inc. ADV raised its position in shares of Black Stone Minerals by 2.8% in the second quarter. Investment Management Associates Inc. ADV now owns 1,577,887 shares of the oil and gas producer’s stock valued at $20,639,000 after purchasing an additional 42,553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Black Stone Minerals by 5.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 963,313 shares of the oil and gas producer’s stock valued at $12,600,000 after purchasing an additional 49,818 shares during the period. Finally, Kempner Capital Management Inc. lifted its stake in shares of Black Stone Minerals by 52.3% during the 2nd quarter. Kempner Capital Management Inc. now owns 759,343 shares of the oil and gas producer’s stock worth $9,932,000 after buying an additional 260,727 shares during the last quarter. 14.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BSM has been the topic of a number of research reports. Zacks Research upgraded shares of Black Stone Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Black Stone Minerals in a report on Monday, December 29th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Black Stone Minerals in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.00.

Black Stone Minerals Trading Up 2.7%

Shares of NYSE:BSM opened at $14.62 on Thursday. The business’s 50 day simple moving average is $13.89 and its 200 day simple moving average is $13.14. Black Stone Minerals, L.P. has a 1 year low of $11.78 and a 1 year high of $15.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 4.37. The company has a market capitalization of $3.10 billion, a P/E ratio of 12.71 and a beta of 0.13.

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

About Black Stone Minerals

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.