Black Stone Minerals LP (BSM) CFO Jeffrey P. Wood Sells 8,000 Shares

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Black Stone Minerals LP (NYSE:BSM) CFO Jeffrey P. Wood sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $17.51, for a total value of $140,080.00. Following the completion of the sale, the chief financial officer now directly owns 110,219 shares in the company, valued at $1,929,934.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE:BSM traded down $0.09 during trading on Thursday, reaching $17.30. The stock had a trading volume of 201 shares, compared to its average volume of 118,857. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $3.56 billion, a PE ratio of 17.13 and a beta of 0.61. 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 issued its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $139.72 million for the quarter, compared to analyst estimates of $131.94 million. Black Stone Minerals had a return on equity of 10.87% and a net margin of 18.62%. As a group, analysts expect that Black Stone Minerals LP will post 0.91 earnings per share for the current year.

BSM has been the topic of several research analyst reports. Raymond James set a $21.00 price objective on Black Stone Minerals and gave the company a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research raised Black Stone Minerals from a “strong sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.25.

Several large investors have recently modified their holdings of BSM. California Public Employees Retirement System acquired a new stake in shares of Black Stone Minerals in the second quarter worth approximately $323,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Black Stone Minerals in the fourth quarter worth approximately $387,000. SCP Investment LP acquired a new stake in shares of Black Stone Minerals in the third quarter worth approximately $488,000. Welch & Forbes LLC boosted its stake in shares of Black Stone Minerals by 222.2% in the third quarter. Welch & Forbes LLC now owns 50,598 shares of the oil and gas producer’s stock worth $921,000 after acquiring an additional 34,892 shares during the last quarter. Finally, Private Wealth Partners LLC boosted its stake in shares of Black Stone Minerals by 9.6% in the third quarter. Private Wealth Partners LLC now owns 85,500 shares of the oil and gas producer’s stock worth $1,557,000 after acquiring an additional 7,500 shares during the last quarter. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

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About Black Stone Minerals

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.

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