Black Stone Minerals LP (NYSE:BSM) SVP Luke Stevens Putman sold 23,170 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $18.28, for a total transaction of $423,547.60. Following the sale, the senior vice president now directly owns 257,141 shares of the company’s stock, valued at approximately $4,700,537.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Black Stone Minerals LP (BSM) traded down $0.24 during midday trading on Friday, reaching $17.70. The company’s stock had a trading volume of 150,811 shares, compared to its average volume of 157,182. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market capitalization of $1,830.14, a P/E ratio of 20.82 and a beta of 0.30. Black Stone Minerals LP has a 12-month low of $15.12 and a 12-month high of $19.03.
Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, November 6th. The oil and gas producer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Black Stone Minerals had a return on equity of 11.44% and a net margin of 21.57%. equities research analysts forecast that Black Stone Minerals LP will post 0.78 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of Black Stone Minerals in the fourth quarter valued at approximately $221,000. Westwood Holdings Group Inc. acquired a new position in shares of Black Stone Minerals in the second quarter valued at approximately $234,000. Alliancebernstein L.P. increased its stake in shares of Black Stone Minerals by 5.9% in the second quarter. Alliancebernstein L.P. now owns 18,468 shares of the oil and gas producer’s stock valued at $291,000 after buying an additional 1,034 shares during the period. Alps Advisors Inc. acquired a new position in shares of Black Stone Minerals in the third quarter valued at approximately $478,000. Finally, Sterling Capital Management LLC increased its stake in shares of Black Stone Minerals by 13.7% in the third quarter. Sterling Capital Management LLC now owns 34,794 shares of the oil and gas producer’s stock valued at $603,000 after buying an additional 4,191 shares during the period. 22.01% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on BSM shares. Zacks Investment Research raised shares of Black Stone Minerals from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Barclays set a $18.00 price objective on shares of Black Stone Minerals and gave the stock a “buy” rating in a research report on Thursday, December 14th. TheStreet cut shares of Black Stone Minerals from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Stifel Nicolaus started coverage on shares of Black Stone Minerals in a research report on Wednesday, January 17th. They set a “hold” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Black Stone Minerals currently has a consensus rating of “Hold” and an average price target of $19.40.
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Black Stone Minerals Company 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.
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