On August 26, 2024, Carrie Clark, Senior Vice President and Chief Commercial Officer of Black Stone Minerals LP (NYSE:BSM), sold 18,532 shares of the company. The transaction was filed with the SEC and can be viewed in detail in the SEC filing. After this sale, the insider now owns 116,923 shares of Black Stone Minerals LP.

Black Stone Minerals LP operates in the oil and natural gas sector and is primarily focused on the exploration and production of these resources. The Company has a significant portfolio of minerals and royalties throughout the United States and generates significant revenues from the development of these properties.

Over the past year, the insider transaction history at Black Stone Minerals LP showed a trend with 6 insider purchases and only 1 insider sale, indicating a generally positive sentiment among the company’s insiders towards the stock’s potential.

In terms of valuation, Black Stone Minerals LP shares were trading at $14.84 on the day of the transaction. This price gives the company a market capitalization of approximately $3.12 billion. The stock’s price-to-earnings ratio is 10.01, which is below the industry median of 10.93 and the company’s historical median.

According to GF Value, an estimate of intrinsic value used by GuruFocus, Black Stone Minerals LP has a GF Value of $13.49. At the current price of $14.84, the stock has a Price to GF Value ratio of 1.1, suggesting it is fairly valued.

The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow and adjusted by a GuruFocus factor based on past earnings and growth as well as analysts’ estimates of future business performance.

This sale by the insider could be of interest to current and potential investors as it provides insight into the insiders’ confidence and their expectations regarding the future development of the company.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.