Black Stone Minerals Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:BSM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
06 Sep 24	BuyUS$1,411,800	Thomas Carter	Individual	100,000	US$14.12
26 Aug 24	SellUS$274,957	Carrie Clark	Individual	18,532	US$14.84
15 Aug 24	BuyUS$500,004	D. DeWalch	Individual	34,200	US$14.62
26 Feb 24	BuyUS$50,277	D. DeWalch	Individual	3,250	US$15.47

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BSM?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	1,251,634	0.594%
VC/PE Firms	14,711,219	6.98%
Institutions	31,161,310	14.8%
Individual Insiders	38,077,024	18.1%
General Public	125,493,746	59.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 35.61% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.08%	Thomas Carter	14,908,151	US$216.0m	-0.18%	no data
6.98%	The Carlyle Group Inc.	14,711,219	US$213.2m	0%	2.75%
3.48%	Alexander Stuart	7,338,426	US$106.3m	0.02%	no data
3.01%	James Whitehead	6,349,413	US$92.0m	0%	no data
2.69%	Rice University Endowment Arm	5,663,476	US$82.1m	0%	99.14%
1.98%	Morgan Stanley Investment Management Inc.	4,165,182	US$60.4m	0.57%	0.05%
1.97%	William Randall	4,159,022	US$60.3m	0.03%	no data
1.06%	Bank of America Corporation, Asset Management Arm	2,227,061	US$32.3m	-6.01%	0.01%
1.01%	William Mathis	2,129,671	US$30.9m	0.07%	no data
0.7%	Natixis, Investment Banking and Corporate Banking Investments	1,477,700	US$21.4m	-20.8%	0.09%
0.64%	Penn Davis McFarland, Inc.	1,356,173	US$19.7m	-0.01%	2.15%
0.59%	RDS Investments LP	1,251,634	US$18.1m	0%	no data
0.56%	Investment Management Associates, Inc.	1,180,220	US$17.1m	-4.16%	6.9%
0.46%	D. DeWalch	964,326	US$14.0m	0.13%	no data
0.45%	Brown Advisory Incorporated	944,722	US$13.7m	-2.08%	0.02%
0.42%	Jerry Kyle	889,818	US$12.9m	0.14%	no data
0.39%	Dimeo Schneider & Associates Llc, Asset Management Arm	811,467	US$11.8m	0%	1.37%
0.36%	Mudita Advisors Llp	760,877	US$11.0m	0%	5.39%
0.31%	ING Groep NV, Insurance and Banking Investments	652,900	US$9.5m	5.89%	0.04%
0.28%	L. Putman	591,296	US$8.6m	0%	no data
0.26%	Epacria Capital Partners	548,698	US$8.0m	0%	5.47%
0.24%	Kempner Capital Management, Inc.	498,616	US$7.2m	0%	3.74%
0.23%	Fayez Sarofim & Co., LLC	490,740	US$7.1m	0%	0.02%
0.23%	Concorde Financial Corporation	481,007	US$7.0m	24.5%	4.02%
0.22%	Citigroup Inc.,Banking and Securities Investments	470,915	US$6.8m	2.27%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 23:05
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Black Stone Minerals, L.P. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mark Lear	Credit Suisse
Chad Mabry	FBR Capital Markets & Co.
Timothy Rezvan	KeyBanc Capital Markets Inc.