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 shares were 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 in the company, valued at $4,700,537.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Black Stone Minerals LP (NYSE BSM) traded down $0.04 during midday trading on Wednesday, reaching $18.35. 155,100 shares of the company’s stock traded hands, compared to its average volume of 184,392. The stock has a market capitalization of $3,650.00 and a P/E ratio of 28.23. Black Stone Minerals LP has a 1-year low of $15.12 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.98 and a current ratio of 1.98.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Black Stone Minerals by 7.7% during the second quarter. FMR LLC now owns 1,766,800 shares of the oil and gas producer’s stock valued at $27,845,000 after purchasing an additional 127,052 shares during the last quarter. CI Global Investments Inc. purchased a new stake in shares of Black Stone Minerals in the third quarter worth about $28,340,000. Goldman Sachs Group Inc. lifted its holdings in shares of Black Stone Minerals by 54.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,541,051 shares of the oil and gas producer’s stock worth $24,287,000 after buying an additional 545,689 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Black Stone Minerals by 10.9% in the third quarter. Evergreen Capital Management LLC now owns 613,870 shares of the oil and gas producer’s stock worth $10,645,000 after buying an additional 60,175 shares in the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new stake in shares of Black Stone Minerals in the second quarter worth about $3,392,000. 21.98% of the stock is currently owned by institutional investors and hedge funds.

BSM has been the topic of several recent research reports. Piper Jaffray Companies dropped their price objective on shares of Black Stone Minerals from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price objective on shares of Black Stone Minerals in a report on Friday, September 22nd. Zacks Investment Research raised shares of Black Stone Minerals from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, October 16th. TheStreet downgraded shares of Black Stone Minerals from a “b-” rating to a “c” rating in a report on Monday, October 30th. Finally, Barclays set a $18.00 price objective on shares of Black Stone Minerals and gave the company a “buy” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Black Stone Minerals currently has an average rating of “Buy” and an average target price of $19.00.

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About Black Stone Minerals

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.

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

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