Bbr Partners buys $8.2 Million stake in Black Stone Minerals LP (BSM)

Black Stone Minerals LP (BSM) : Bbr Partners scooped up 212,022 additional shares in Black Stone Minerals LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 521,080 shares of Black Stone Minerals LP which is valued at $8.2 Million.Black Stone Minerals LP makes up approximately 1.40% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in BSM in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 46,646 shares of Black Stone Minerals LP which is valued at $732,809. Oxford Asset Management sold out all of its stake in BSM during the most recent quarter. The investment firm sold 34,493 shares of BSM which is valued $541,885.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in BSM in the latest quarter, The investment management firm added 3,318 additional shares and now holds a total of 51,684 shares of Black Stone Minerals LP which is valued at $811,956. Black Stone Minerals LP makes up approx 0.02% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Callahan Advisors sold out all of its stake in BSM during the most recent quarter. The investment firm sold 18,590 shares of BSM which is valued $311,197.

Black Stone Minerals LP closed down -0.05 points or -0.32% at $15.39 with 1,28,786 shares getting traded on Friday. Post opening the session at $15.54, the shares hit an intraday low of $15.29 and an intraday high of $15.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Many Wall Street Analysts have commented on Black Stone Minerals LP. FBR Capital Initiated Black Stone Minerals LP on Mar 23, 2016 to “Outperform”, Price Target of the shares are set at $17.

Black Stone Minerals L.P. is a mining company which is engaged in acquisitions of mineral and royalty properties. The Company owns oil and natural gas mineral interests of approximately 14.5 million acres in the United States. It also owns nonparticipating interests in 1.2 million acres and overriding interests in 1.4 million acres. These non-cost-bearing interests (mineral and royalty interests) include ownership in approximately 40000 producing wells. It has interests in various active resource plays including the Bakken/Three Forks plays Eagle Ford Shale Wolfcamp play Haynesville/Bossier plays Granite Wash play and Fayetteville Shale as well as emerging plays such as the Tuscaloosa Marine Shale and the Canyon Lime play. Its properties include Louisiana-Mississippi Salt Basins Western Gulf (onshore) Williston Basin Palo Duro Basin Permian Basin Anadarko Basin Appalachian Basin East Texas Basin Arkoma Basin Bend Arch-Fort Worth Basin and Southwestern Wyoming.

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