Black Stone Minerals LP (NYSE:BSM) SVP Luke Stevens Putman sold 34,002 shares of the business’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $16.34, for a total value of $555,592.68. Following the completion of the sale, the senior vice president now directly owns 263,056 shares in the company, valued at $4,298,335.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Luke Stevens Putman also recently made the following trade(s):

  • On Tuesday, October 16th, Luke Stevens Putman sold 14,230 shares of Black Stone Minerals stock. The stock was sold at an average price of $17.58, for a total value of $250,163.40.

Shares of NYSE:BSM opened at $16.14 on Friday. The firm has a market cap of $3.20 billion, a PE ratio of 15.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.02. Black Stone Minerals LP has a 1 year low of $15.23 and a 1 year high of $19.29.

Black Stone Minerals (NYSE:BSM) last announced its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $139.72 million for the quarter, compared to the consensus estimate of $131.94 million. Black Stone Minerals had a return on equity of 10.87% and a net margin of 18.62%. On average, research analysts predict that Black Stone Minerals LP will post 0.91 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Black Stone Minerals from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.00.

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in Black Stone Minerals by 176.9% during the second quarter. Tower Research Capital LLC TRC now owns 15,791 shares of the oil and gas producer’s stock valued at $292,000 after acquiring an additional 10,089 shares during the last quarter. California Public Employees Retirement System purchased a new stake in Black Stone Minerals during the second quarter valued at $323,000. SCP Investment LP purchased a new stake in Black Stone Minerals during the third quarter valued at $488,000. Welch & Forbes LLC increased its position in Black Stone Minerals by 222.2% during the third quarter. Welch & Forbes LLC now owns 50,598 shares of the oil and gas producer’s stock valued at $921,000 after acquiring an additional 34,892 shares during the last quarter. Finally, Raymond James & Associates increased its position in Black Stone Minerals by 36.5% during the second quarter. Raymond James & Associates now owns 84,737 shares of the oil and gas producer’s stock valued at $1,567,000 after acquiring an additional 22,659 shares during the last quarter. 14.23% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Luke Stevens Putman Sells 34,002 Shares of Black Stone Minerals LP (BSM) Stock” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://theolympiareport.com/2019/01/11/luke-stevens-putman-sells-34002-shares-of-black-stone-minerals-lp-bsm-stock.html.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty interests in 1.9 million acres, and overriding royalty interests in 2.1 million acres located in 41 states and in 64 onshore basins in the continental United States.

See Also: Fundamental Analysis

Insider Buying and Selling by Quarter for Black Stone Minerals (NYSE:BSM)

Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.