Black Stone Minerals LP (NYSE:BSM) saw strong trading volume on Tuesday . 112,207 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 84,748 shares.The stock last traded at $15.82 and had previously closed at $15.53.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Black Stone Minerals from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. FBR & Co assumed coverage on shares of Black Stone Minerals in a research note on Wednesday, March 23rd. They issued an “outperform” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Black Stone Minerals presently has an average rating of “Buy” and an average target price of $17.83.

The firm’s market cap is $3.02 billion. The company’s 50-day moving average price is $15.35 and its 200-day moving average price is $14.39.

Black Stone Minerals (NYSE:BSM) last released its earnings results on Monday, May 9th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.22. On average, analysts expect that Black Stone Minerals LP will post $0.48 earnings per share for the current fiscal year.

In other Black Stone Minerals news, Director Ricky J. Haeflinger bought 3,000 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was acquired at an average price of $16.09 per share, with a total value of $48,270.00. Following the completion of the acquisition, the director now directly owns 9,000 shares of the company’s stock, valued at $144,810. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. BBR Partners LLC purchased a new position in shares of Black Stone Minerals during the fourth quarter valued at $4,460,000. Hawkins Capital L.P. purchased a new position in shares of Black Stone Minerals during the fourth quarter valued at $5,927,000. Finally, Toronto Dominion Bank boosted its position in shares of Black Stone Minerals by 33.6% in the fourth quarter. Toronto Dominion Bank now owns 808,500 shares of the company’s stock valued at $11,667,000 after buying an additional 203,200 shares during the last quarter.

Black Stone Minerals, L.P. owns oil and natural gas mineral interests in the United States. The Company’s principal business includes managing its existing portfolio of mineral and royalty assets and expanding its asset base through acquisitions of additional mineral and royalty interests. The Company owns mineral interests in approximately 14.5 million acres.

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