Black Stone Minerals, L.P.’s recent filing unveils that its Director DeWalch D Mark acquired Company’s shares for reported $50277.0 on Feb 26 ’24. In the deal valued at $15.47 per share,3,250 shares were bought. As a result of this transaction, DeWalch D Mark now holds 320,436 shares worth roughly $5.16 million.
Then, Carter Thomas L Jr bought 2,075 shares, generating $33,617 in total proceeds. Upon buying the shares at $16.20, the CEO, President, and Chairman now owns 2,792,443 shares.
Before that, Carter Thomas L Jr bought 29,000 shares. Black Stone Minerals, L.P. shares valued at $463,614 were divested by the CEO, President, and Chairman at a price of $15.99 per share. As a result of the transaction, Carter Thomas L Jr now holds 2,790,368 shares, worth roughly $44.92 million.
Raymond James downgraded its Black Stone Minerals, L.P. [BSM] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Sector weight”. Raymond James also remained covering BSM and has decreased its forecast on February 06, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. KeyBanc Capital Markets started covering the stock on September 20, 2022. It rated BSM as “an Overweight”.
Price Performance Review of BSM
On Friday, Black Stone Minerals, L.P. [NYSE:BSM] saw its stock jump 0.06% to $16.10. Over the last five days, the stock has gained 3.74%. Black Stone Minerals, L.P. shares have risen nearly 0.88% since the year began. Nevertheless, the stocks have fallen -1.47% over the past one year. While a 52-week high of $18.55 was reached on 04/08/24, a 52-week low of $14.80 was recorded on 02/21/24. SMA at 50 days reached $15.72, while 200 days put it at $16.67. A total of 0.6 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For BSM Stock
The 24-hour chart illustrates a support level at 15.96, which if violated will result in even more drops to 15.81. On the upside, there is a resistance level at 16.21. A further resistance level may holdings at 16.31. The Relative Strength Index (RSI) on the 14-day chart is 54.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.76%. Stochastics %K at 58.90% indicates the stock is a holding.
