Adams Asset Advisors LLC Increases Stock Position in Dorchester Minerals, L.P. $DMLP

Adams Asset Advisors LLC increased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,108 shares of the energy company’s stock after purchasing an additional 57,600 shares during the period. Dorchester Minerals accounts for 2.4% of Adams Asset Advisors LLC’s portfolio, making the stock its 6th largest holding. Adams Asset Advisors LLC owned 1.30% of Dorchester Minerals worth $17,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HWG Holdings LP bought a new stake in Dorchester Minerals in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. increased its holdings in Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after acquiring an additional 440 shares during the last quarter. Cetera Investment Advisers bought a new stake in Dorchester Minerals in the 4th quarter valued at $200,000. Focus Partners Wealth bought a new stake in Dorchester Minerals in the 4th quarter valued at $208,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Dorchester Minerals in the 1st quarter valued at $198,000. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP opened at $25.34 on Monday. The company has a market cap of $1.20 billion, a P/E ratio of 14.73 and a beta of 0.65. The firm’s fifty day moving average is $26.10 and its two-hundred day moving average is $27.68. Dorchester Minerals, L.P. has a 52-week low of $24.01 and a 52-week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $32.40 million for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were issued a $0.6202 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Monday, August 4th. Dorchester Minerals’s payout ratio is currently 144.19%.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.