Dorchester Minerals (NASDAQ:DMLP) CEO Bradley Ehrman Buys 4,000 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley Ehrman bought 4,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $26.78 per share, with a total value of $107,120.00. Following the completion of the transaction, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. The trade was a 2.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorchester Minerals Trading Up 2.5%

Dorchester Minerals stock opened at $27.15 on Wednesday. The company has a market capitalization of $1.31 billion, a PE ratio of 19.53 and a beta of 0.56. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $28.95. The stock has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $24.96.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. The firm had revenue of $58.88 million during the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 4th will be given a $0.475 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.90 annualized dividend and a yield of 7.0%. Dorchester Minerals’s dividend payout ratio (DPR) is currently 136.69%.

Hedge Funds Weigh In On Dorchester Minerals

A number of hedge funds have recently made changes to their positions in DMLP. Royal Bank of Canada raised its position in shares of Dorchester Minerals by 5.4% during the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock worth $2,240,000 after acquiring an additional 3,785 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Dorchester Minerals by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after acquiring an additional 2,101 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after acquiring an additional 440 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Dorchester Minerals during the second quarter worth about $293,000. Finally, JPMorgan Chase & Co. raised its position in shares of Dorchester Minerals by 17.0% during the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock worth $301,000 after acquiring an additional 1,570 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DMLP has been the subject of several research reports. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Hold”.

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.