William Marsh Rice University Acquires 3,061,173 Shares of Black Stone Minerals LP (NYSE:BSM)

William Marsh Rice University boosted its holdings in Black Stone Minerals LP (NYSE:BSM) by 72.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,266,343 shares of the oil and gas producer’s stock after acquiring an additional 3,061,173 shares during the period. Black Stone Minerals accounts for about 88.2% of William Marsh Rice University’s investment portfolio, making the stock its largest position. William Marsh Rice University’s holdings in Black Stone Minerals were worth $112,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley grew its stake in Black Stone Minerals by 23.0% in the 2nd quarter. Morgan Stanley now owns 648,352 shares of the oil and gas producer’s stock valued at $10,050,000 after acquiring an additional 121,276 shares during the last quarter. Bank of America Corp DE grew its stake in Black Stone Minerals by 36.4% in the 2nd quarter. Bank of America Corp DE now owns 95,698 shares of the oil and gas producer’s stock valued at $1,483,000 after acquiring an additional 25,525 shares during the last quarter. Sprott Inc. boosted its stake in shares of Black Stone Minerals by 6.8% during the 2nd quarter. Sprott Inc. now owns 14,197 shares of the oil and gas producer’s stock worth $220,000 after purchasing an additional 900 shares during the last quarter. Texas Children s boosted its stake in shares of Black Stone Minerals by 106.7% during the 2nd quarter. Texas Children s now owns 4,689,939 shares of the oil and gas producer’s stock worth $72,694,000 after purchasing an additional 2,421,347 shares during the last quarter. Finally, Virtus ETF Advisers LLC acquired a new stake in shares of Black Stone Minerals during the 2nd quarter worth about $2,226,000. 23.04% of the stock is currently owned by hedge funds and other institutional investors.

BSM has been the topic of several analyst reports. Citigroup set a $16.00 price target on shares of Black Stone Minerals and gave the stock a “buy” rating in a research note on Monday, August 12th. TheStreet cut shares of Black Stone Minerals from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. ValuEngine cut shares of Black Stone Minerals from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Finally, Zacks Investment Research raised shares of Black Stone Minerals from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.25.



Shares of Black Stone Minerals stock traded down $0.19 during mid-day trading on Tuesday, hitting $14.22. 6,328 shares of the stock were exchanged, compared to its average volume of 224,783. Black Stone Minerals LP has a twelve month low of $13.61 and a twelve month high of $18.77. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 9.81 and a beta of 0.58. The company has a 50-day simple moving average of $14.37 and a 200 day simple moving average of $16.12. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.52.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Black Stone Minerals had a net margin of 41.52% and a return on equity of 27.81%. The company had revenue of $163.62 million for the quarter, compared to analysts’ expectations of $130.18 million. Equities research analysts forecast that Black Stone Minerals LP will post 0.99 earnings per share for the current fiscal year.

About Black Stone Minerals

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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