Americana Partners LLC Makes New $532,000 Investment in Black Stone Minerals, L.P. $BSM

Americana Partners LLC purchased a new position in shares of Black Stone Minerals, L.P. (NYSE:BSM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,471 shares of the oil and gas producer’s stock, valued at approximately $532,000.

Other large investors have also made changes to their positions in the company. MAS Advisors LLC raised its stake in Black Stone Minerals by 3.5% during the 3rd quarter. MAS Advisors LLC now owns 27,089 shares of the oil and gas producer’s stock worth $356,000 after buying an additional 913 shares during the period. 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 worth $25,213,000 after acquiring an additional 66,898 shares in the last quarter. GraniteShares Advisors LLC raised its position in shares of Black Stone Minerals by 9.7% during the third quarter. GraniteShares Advisors LLC now owns 210,447 shares of the oil and gas producer’s stock worth $2,765,000 after purchasing an additional 18,530 shares during the period. Ballew Advisors Inc bought a new position in shares of Black Stone Minerals during the 3rd quarter valued at about $166,000. Finally, Alpha Wealth Funds LLC lifted its holdings in shares of Black Stone Minerals by 44.6% during the 3rd quarter. Alpha Wealth Funds LLC now owns 16,200 shares of the oil and gas producer’s stock valued at $194,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Stock Up 2.7%

NYSE:BSM opened at $14.62 on Thursday. Black Stone Minerals, L.P. has a twelve month low of $11.78 and a twelve month high of $15.52. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 12.71 and a beta of 0.13. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is $13.89 and its two-hundred day moving average price is $13.14.

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 the consensus estimate of $0.28 by $0.12. The business had revenue of $132.47 million during the quarter, compared to analysts’ expectations of $106.20 million. Black Stone Minerals had a net margin of 61.31% and a return on equity of 40.08%. Equities research analysts expect that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BSM. Weiss Ratings reissued a “hold (c-)” rating on shares of Black Stone Minerals in a research note on Monday, December 29th. Zacks Research raised shares of Black Stone Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, KeyCorp restated 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.00.

Black Stone Minerals Company 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.