Black Stone Minerals (BSM)

• Market cap: $2.95B
• 1 day: 1.01%
• 5 days: -3.91%
• 1 month: -7.59%
• 3 months: -6.29%
• 6 months: -11.05%
• Year to date: -12.45%
• 1 year: -15.66%
• 5 years: 10.32%
• 10 years: -23.25%
• 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: 108

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more funds holding in top 10

Funds holding in top 10: 8 [Q2] → 9 (+1) [Q3]

11% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 47

2.3% less ownership

Funds ownership: 17.03% [Q2] → 14.73% (-2.3%) [Q3]

3% less funds holding

Funds holding: 183 [Q2] → 178 (-5) [Q3]

14% less call options, than puts

Call options by funds: $5.14M | Put options by funds: $5.99M

17% less capital invested

Capital invested by funds: $562M [Q2] → $467M (-$95.4M) [Q3]

21% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 24

Research analyst outlook

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

• Low target: $14 0% upside
• Avg. target: $14 0% upside
• High target: $14 0% upside

1 analyst rating

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

Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target

0% upside $14

Neutral Maintained

18 Nov 2024