Franklin Resources Inc. held its position in shares of Black Stone Minerals, L.P. (NYSE:BSM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,179 shares of the oil and gas producer’s stock at the close of the second quarter. Franklin Resources Inc.’s holdings in Black Stone Minerals, L.P. were worth $208,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BSM. Raymond James Financial Services Advisors Inc. grew its stake in shares of Black Stone Minerals, L.P. by 8.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,900 shares of the oil and gas producer’s stock worth $196,000 after purchasing an additional 902 shares in the last quarter. Alliancebernstein L.P. grew 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 worth $288,000 after purchasing an additional 5,034 shares in the last quarter. Private Wealth Partners LLC bought a new position in shares of Black Stone Minerals, L.P. in the second quarter worth $394,000. Waldron LP bought a new position in shares of Black Stone Minerals, L.P. in the first quarter worth $412,000. Finally, Global X Management Co. LLC grew its stake in shares of Black Stone Minerals, L.P. by 3.4% in the first quarter. Global X Management Co. LLC now owns 27,179 shares of the oil and gas producer’s stock worth $449,000 after purchasing an additional 890 shares in the last quarter. 21.36% of the stock is owned by institutional investors.

Black Stone Minerals, L.P. (NYSE:BSM) opened at 17.18 on Friday. Black Stone Minerals, L.P. has a 1-year low of $16.61 and a 1-year high of $19.86. The stock has a 50 day moving average price of $17.20 and a 200 day moving average price of $17.20. The company has a market cap of $3.37 billion, a PE ratio of 23.34 and a beta of 0.28.

Black Stone Minerals, L.P. (NYSE:BSM) last issued its quarterly earnings data on Monday, August 7th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.14. Black Stone Minerals, L.P. had a return on equity of 12.67% and a net margin of 22.71%. The firm had revenue of $120.52 million during the quarter, compared to the consensus estimate of $95.87 million. Equities analysts forecast that Black Stone Minerals, L.P. will post $0.76 earnings per share for the current year.

Several research firms have recently issued reports on BSM. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price target on shares of Black Stone Minerals, L.P. in a research note on Friday, September 22nd. TheStreet raised Black Stone Minerals, L.P. from a “c” rating to a “b-” rating in a research note on Friday, August 25th. Piper Jaffray Companies decreased their price target on 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. Zacks Investment Research raised Black Stone Minerals, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC decreased their price target on Black Stone Minerals, L.P. from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.50.

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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.

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

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