Today, the SVP, GC, and Secretary of Black Stone Minerals (BSM), Luke Stevens Putman, sold shares of BSM for $432.4K.
Following Luke Stevens Putman’s last BSM Sell transaction on May 08, 2015, the stock climbed by 3.9%. In addition to Luke Stevens Putman, one other BSM executive reported Sell trades in the last month.
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Based on Black Stone Minerals’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $163 million and quarterly net profit of $164 million. In comparison, last year the company earned revenue of $104 million and had a net profit of $19.37 million. BSM’s market cap is $3.54B and the company has a P/E ratio of 13.47. Currently, Black Stone Minerals has an average volume of 129.6K.
The insider sentiment on Black Stone Minerals has been negative according to 80 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Black Stone Minerals LP engages in oil and natural gas mineral interests in the U.S. It focuses in the operation of Louisiana-Mississippi Salt Basins, Western Gulf, Permian Basin, Palo Duro Basin, East Texas Basin, Anadarko Basin, Appalachian Basin, Arkoma Basin, Bend Arch-Fort Worth, and Southwestern Wyoming.
