Black Stone Minerals LP (BSM) Shares Bought by Barclays PLC

Barclays PLC lifted its position in shares of Black Stone Minerals LP (NYSE:BSM) by 69.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,508 shares of the oil and gas producer’s stock after purchasing an additional 17,760 shares during the quarter. Barclays PLC’s holdings in Black Stone Minerals were worth $674,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in shares of Black Stone Minerals during the 4th quarter valued at approximately $96,000. Raymond James Financial Services Advisors Inc. grew its stake in Black Stone Minerals by 10.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,164 shares of the oil and gas producer’s stock worth $204,000 after buying an additional 1,200 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Black Stone Minerals during the 4th quarter worth $387,000. SCP Investment LP bought a new position in Black Stone Minerals during the 3rd quarter worth $488,000. Finally, Hsbc Holdings PLC bought a new position in Black Stone Minerals during the 4th quarter worth $448,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

In related news, CFO Jeffrey P. Wood sold 8,000 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $17.51, for a total value of $140,080.00. Following the completion of the sale, the chief financial officer now directly owns 110,219 shares of the company’s stock, valued at approximately $1,929,934.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brock Morris sold 60,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $17.32, for a total value of $1,039,200.00. Following the completion of the sale, the senior vice president now directly owns 378,806 shares of the company’s stock, valued at $6,560,919.92. The disclosure for this sale can be found here. Insiders have sold 138,864 shares of company stock valued at $2,414,312 in the last ninety days. Company insiders own 25.10% of the company’s stock.

BSM stock traded up $0.61 during trading hours on Friday, hitting $18.01. 1,251,885 shares of the stock traded hands, compared to its average volume of 141,677. Black Stone Minerals LP has a one year low of $15.23 and a one year high of $19.29. The stock has a market capitalization of $3.70 billion, a P/E ratio of 12.42 and a beta of 0.63. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.45.

BSM has been the subject of a number of recent research reports. Raymond James set a $21.00 price objective on Black Stone Minerals and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Royal Bank of Canada began coverage on Black Stone Minerals in a research note on Thursday. They issued an “outperform” rating and a $23.00 price target for the company. Finally, Zacks Investment Research cut Black Stone Minerals from a “buy” rating to a “sell” rating in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.50.

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Black Stone Minerals Company Profile

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and 64 onshore basins in the continental United States.

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Institutional Ownership by Quarter for Black Stone Minerals (NYSE:BSM)

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