Moody National Bank Trust Division Boosts Stock Position in Black Stone Minerals, L.P. (NYSE:BSM)

Moody National Bank Trust Division raised its stake in Black Stone Minerals, L.P. (NYSE:BSM) by 35.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,913 shares of the oil and gas producer’s stock after purchasing an additional 4,924 shares during the quarter. Moody National Bank Trust Division’s holdings in Black Stone Minerals were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new stake in Black Stone Minerals in the third quarter valued at about $54,000. JPMorgan Chase & Co. acquired a new stake in shares of Black Stone Minerals in the 3rd quarter valued at approximately $76,000. Choreo LLC purchased a new stake in shares of Black Stone Minerals in the second quarter valued at approximately $205,000. BCS Wealth Management grew its holdings in Black Stone Minerals by 15.1% during the third quarter. BCS Wealth Management now owns 14,130 shares of the oil and gas producer’s stock worth $213,000 after acquiring an additional 1,852 shares during the period. Finally, Indie Asset Partners LLC purchased a new position in Black Stone Minerals in the third quarter worth $234,000. Institutional investors and hedge funds own 14.49% of the company’s stock.

Black Stone Minerals Stock Performance

BSM opened at $15.38 on Thursday. Black Stone Minerals, L.P. has a one year low of $13.78 and a one year high of $16.92. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 9.49 and a beta of 0.96. The business’s fifty day moving average is $14.82 and its two-hundred day moving average is $14.94.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating 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 firm had revenue of $134.86 million for the quarter, compared to analysts’ expectations of $117.68 million. During the same period in the prior year, the company earned $0.27 EPS. On average, analysts predict that Black Stone Minerals, L.P. will post 1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have 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 lowered their target price on shares of Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report 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.