Black Stone Minerals, L.P. (BSM) Holdings Cut by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,544 shares of the oil and gas producer’s stock after selling 69,588 shares during the period. First Trust Advisors LP owned approximately 0.17% of Black Stone Minerals, L.P. worth $5,940,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in shares of Black Stone Minerals, L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 17,434 shares of the oil and gas producer’s stock valued at $288,000 after buying an additional 5,034 shares during the period. UBS Group AG lifted its stake in shares of Black Stone Minerals, L.P. by 29.6% in the first quarter. UBS Group AG now owns 58,101 shares of the oil and gas producer’s stock valued at $960,000 after buying an additional 13,274 shares during the period. Bank of America Corp DE lifted its stake in shares of Black Stone Minerals, L.P. by 17.0% in the first quarter. Bank of America Corp DE now owns 52,859 shares of the oil and gas producer’s stock valued at $873,000 after buying an additional 7,696 shares during the period. Bank of Montreal Can bought a new stake in shares of Black Stone Minerals, L.P. in the second quarter valued at about $1,343,000. Finally, Private Wealth Partners LLC bought a new stake in shares of Black Stone Minerals, L.P. in the second quarter valued at about $394,000. Institutional investors own 21.98% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Black Stone Minerals, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies reduced their target price on shares of Black Stone Minerals, L.P. from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Scotiabank set a $20.00 target price on shares of Black Stone Minerals, L.P. and gave the company a “hold” rating in a research note on Saturday, July 22nd. TheStreet upgraded shares of Black Stone Minerals, L.P. from a “c” rating to a “b-” rating in a research note on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 target price on shares of Black Stone Minerals, L.P. in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.60.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/11/16/black-stone-minerals-l-p-bsm-holdings-cut-by-first-trust-advisors-lp.html.

Black Stone Minerals, L.P. (BSM) opened at $17.27 on Thursday. Black Stone Minerals, L.P. has a 52-week low of $15.12 and a 52-week high of $19.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $1,801.53, a PE ratio of 20.49 and a beta of 0.30.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 17th will be given a $0.313 dividend. This represents a $1.25 annualized dividend and a yield of 7.25%. The ex-dividend date is Thursday, November 16th. Black Stone Minerals, L.P.’s dividend payout ratio (DPR) is presently 147.06%.

Black Stone Minerals, L.P. Profile

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.

Want to see what other hedge funds are holding BSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Stone Minerals, L.P. (NYSE:BSM).

Institutional Ownership by Quarter for Black Stone Minerals, L.P. (NYSE:BSM)

Receive News & Ratings for Black Stone Minerals L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply