Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.01 and traded as high as $28.91. Dorchester Minerals shares last traded at $28.65, with a volume of 78,508 shares changing hands.

Analyst Ratings Changes

DMLP has been the topic of a number of analyst reports. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Dorchester Minerals presently has an average rating of “Hold”.

Dorchester Minerals Price Performance

The company has a fifty day moving average price of $26.91 and a 200 day moving average price of $27.01. The company has a market cap of $1.41 billion, a PE ratio of 16.28 and a beta of 0.54.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, August 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 45.45% and a return on equity of 28.43%. The company had revenue of $56.08 million during the quarter.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 3rd were issued a dividend of $1.2729 per share. The ex-dividend date was Monday, August 3rd. This represents a $5.09 dividend on an annualized basis and a yield of 17.8%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio (DPR) is presently 289.20%.

Insider Buying and Selling

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 5,197 shares of Dorchester Minerals stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of $28.30 per share, with a total value of $147,075.10. Following the completion of the purchase, the chief financial officer owned 103,405 shares of the company’s stock, valued at approximately $2,926,361.50. This represents a 5.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Minerals Operating Dorchester bought 7,500 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $27.56 per share, with a total value of $206,700.00. Following the completion of the transaction, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This trade represents a 12.00% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorchester Minerals

Hedge funds have recently added to or reduced their stakes in the stock. ArchPoint Investors raised its position in shares of Dorchester Minerals by 4.1% in the 4th quarter. ArchPoint Investors now owns 559,260 shares of the energy company’s stock worth $12,505,000 after purchasing an additional 22,201 shares during the last quarter. MidFirst Bank purchased a new position in Dorchester Minerals in the fourth quarter worth about $11,049,000. Texas Yale Capital Corp. lifted its stake in shares of Dorchester Minerals by 15.8% in the fourth quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock worth $4,506,000 after buying an additional 27,500 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Dorchester Minerals by 15.8% in the third quarter. First Trust Advisors LP now owns 189,500 shares of the energy company’s stock worth $4,906,000 after buying an additional 25,923 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Dorchester Minerals by 20.6% during the second quarter. Bank of America Corp DE now owns 183,697 shares of the energy company’s stock valued at $5,118,000 after buying an additional 31,344 shares during the last quarter. 19.21% of the stock is owned by institutional investors.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.