Custom Index Systems LLC Sells 9,866 Shares of Black Stone Minerals, L.P. (NYSE:BSM)

Custom Index Systems LLC cut its holdings in Black Stone Minerals, L.P. (NYSE:BSM) by 13.4% in the fourth quarter, HoldingsChannel reports. The firm owned 64,013 shares of the oil and gas producer’s stock after selling 9,866 shares during the quarter. Custom Index Systems LLC’s holdings in Black Stone Minerals were worth $935,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BSM. Flagship Harbor Advisors LLC grew its stake in shares of Black Stone Minerals by 7.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 24,378 shares of the oil and gas producer’s stock worth $356,000 after buying an additional 1,774 shares in the last quarter. Penn Davis Mcfarland Inc. grew its position in Black Stone Minerals by 18.1% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 1,601,182 shares of the oil and gas producer’s stock worth $23,377,000 after acquiring an additional 245,009 shares in the last quarter. Moody National Bank Trust Division increased its stake in Black Stone Minerals by 35.2% during the fourth quarter. Moody National Bank Trust Division now owns 18,913 shares of the oil and gas producer’s stock worth $276,000 after acquiring an additional 4,924 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Black Stone Minerals by 64.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,738 shares of the oil and gas producer’s stock valued at $509,000 after purchasing an additional 13,204 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of Black Stone Minerals in the 3rd quarter valued at approximately $76,000. Institutional investors own 14.49% of the company’s stock.

Black Stone Minerals Price Performance

Black Stone Minerals stock opened at $14.48 on Friday. Black Stone Minerals, L.P. has a 1-year low of $13.78 and a 1-year high of $16.92. The company’s 50-day moving average is $14.80 and its 200 day moving average is $14.90. The firm has a market capitalization of $3.05 billion, a P/E ratio of 8.94 and a beta of 0.96.

Black Stone Minerals (NYSE:BSM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%. The firm had revenue of $134.86 million for the quarter, compared to the consensus estimate of $117.68 million. During the same period in the prior year, the business posted $0.27 earnings per share. Research analysts anticipate that Black Stone Minerals, L.P. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BSM has been the topic of several analyst reports. Piper Sandler cut their target price on 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. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th.

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.