Black Stone Minerals LP (BSM) VP Sells $114,820.72 in Stock
Black Stone Minerals LP (NYSE:BSM) VP Dawn Smajstrla sold 6,664 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $17.23, for a total value of $114,820.72. Following the transaction, the vice president now directly owns 23,514 shares of the company’s stock, valued at $405,146.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Black Stone Minerals LP (NYSE:BSM) opened at $17.38 on Monday. Black Stone Minerals LP has a 52-week low of $15.12 and a 52-week high of $19.03. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1,812.01, a P/E ratio of 17.56 and a beta of 0.37.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were given a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.25 annualized dividend and a yield of 7.19%. Black Stone Minerals’s dividend payout ratio (DPR) is presently 126.26%.
Large investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC raised its stake in 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 valued at $10,645,000 after buying an additional 60,175 shares during the period. Alps Advisors Inc. bought a new stake in Black Stone Minerals in the third quarter valued at approximately $478,000. Bank of Montreal Can raised its stake in Black Stone Minerals by 6.3% in the fourth quarter. Bank of Montreal Can now owns 90,527 shares of the oil and gas producer’s stock valued at $1,624,000 after buying an additional 5,327 shares during the period. Dumac Inc. bought a new stake in Black Stone Minerals in the fourth quarter valued at approximately $3,169,000. Finally, Tower Research Capital LLC TRC bought a new stake in Black Stone Minerals in the fourth quarter valued at approximately $170,000. Hedge funds and other institutional investors own 22.93% of the company’s stock.
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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.
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