Black Stone Minerals (BSM)

• Market cap: $3.23B
• 1 day: 0.26%
• 5 days: -0.13%
• 1 month: 5.08%
• 3 months: 4.65%
• 6 months: 1.12%
• Year to date: 4.65%
• 1 year: -4.85%
• 5 years: 240.22%
• 10 years: -16.06%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.

Employees: 123

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

49% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 39

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

1% more funds holding

Funds holding: 178 [Q3] → 180 (+2) [Q4]

1.08% more ownership

Funds ownership: 14.73% [Q3] → 15.81% (+1.08%) [Q4]

4% more capital invested

Capital invested by funds: $467M [Q3] → $487M (+$19.8M) [Q4]

22% less funds holding in top 10

Funds holding in top 10: 9 [Q3] → 7 (-2) [Q4]

40% less call options, than puts

Call options by funds: $3.18M | Put options by funds: $5.34M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $16 5% upside
• Avg. target: $16 5% upside
• High target: $16 5% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Piper Sandler Mark Lear 43% 1-year accuracy 73 / 169 met price target

5% upside $16

Neutral Maintained

6 Mar 2025