Minerals Operating Dorchester Acquires 7,500 Shares of Dorchester Minerals (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $28.30 per share, with a total value of $212,250.00. Following the completion of the transaction, the insider owned 62,517 shares of the company’s stock, valued at approximately $1,769,231.10. The trade was a 13.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Dorchester Minerals Stock Down 0.5%

DMLP opened at $27.47 on Friday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 19.76 and a beta of 0.56. The business has a 50 day moving average of $27.62 and a 200-day moving average of $25.10. Dorchester Minerals, L.P. has a 12-month low of $20.85 and a 12-month high of $28.95.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share for the quarter. The business 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 declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Monday, May 4th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 136.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in Dorchester Minerals by 5.4% during the 1st quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock worth $2,240,000 after buying an additional 3,785 shares during the period. Goldman Sachs Group Inc. increased 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 valued at $1,073,000 after acquiring an additional 2,101 shares during the last quarter. Geneos Wealth Management Inc. increased 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 valued at $35,000 after acquiring an additional 440 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Dorchester Minerals during the second quarter valued at approximately $293,000. Finally, JPMorgan Chase & Co. increased 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 valued at $301,000 after acquiring an additional 1,570 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Dorchester Minerals

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.