Black Stone Minerals LP (NYSE:BSM) Short Interest Update

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Black Stone Minerals LP (NYSE:BSM) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 251,100 shares, a decrease of 8.4% from the May 15th total of 274,200 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 216,600 shares, the short-interest ratio is currently 1.2 days.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Garrett Motion from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine raised YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Royal Bank of Canada restated a “neutral” rating and set a $145.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Black Stone Minerals has an average rating of “Hold” and a consensus price target of $21.50.

Shares of BSM opened at $15.55 on Friday. The company has a market cap of $3.19 billion, a PE ratio of 13.18 and a beta of 0.58. Black Stone Minerals has a 52 week low of $14.90 and a 52 week high of $19.29. The firm has a fifty day moving average price of $15.84. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.52.

Black Stone Minerals (NYSE:BSM) last posted its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.23). Black Stone Minerals had a net margin of 36.75% and a return on equity of 25.55%. The company had revenue of $83.81 million during the quarter, compared to analyst estimates of $131.96 million. On average, research analysts anticipate that Black Stone Minerals will post 0.85 earnings per share for the current fiscal year.

In other news, SVP Luke Stevens Putman sold 18,799 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $17.48, for a total value of $328,606.52. Following the transaction, the senior vice president now owns 266,759 shares of the company’s stock, valued at $4,662,947.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director D Mark Dewalch bought 5,350 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $16.44 per share, for a total transaction of $87,954.00. Following the transaction, the director now directly owns 174,272 shares of the company’s stock, valued at approximately $2,865,031.68. The disclosure for this purchase can be found here. Insiders have sold 83,344 shares of company stock worth $1,488,379 in the last quarter. 24.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Arlington Partners LLC acquired a new stake in shares of Black Stone Minerals in the 2nd quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Black Stone Minerals in the 1st quarter valued at about $71,000. PNC Financial Services Group Inc. bought a new position in Black Stone Minerals in the 4th quarter valued at about $96,000. Jane Street Group LLC bought a new position in Black Stone Minerals in the 4th quarter valued at about $183,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 15.49% of the company’s stock.

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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