Burford Brothers Inc. Increases Position in Dorchester Minerals, L.P. $DMLP

Burford Brothers Inc. boosted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 73.1% during the second quarter, Holdings Channel reports. The fund owned 51,761 shares of the energy company’s stock after acquiring an additional 21,865 shares during the period. Burford Brothers Inc.’s holdings in Dorchester Minerals were worth $1,307,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DMLP. Pin Oak Investment Advisors Inc. purchased a new position in shares of Dorchester Minerals in the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position 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 worth $35,000 after buying an additional 440 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Dorchester Minerals in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in Dorchester Minerals by 4,918.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after buying an additional 3,000 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Dorchester Minerals in the fourth quarter worth approximately $68,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals has a consensus rating of “Hold”.

Dorchester Minerals Trading Down 0.1%

DMLP opened at $29.25 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 16.62 and a beta of 0.55. The business’s 50-day moving average price is $27.18 and its 200-day moving average price is $27.13. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $29.60.

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

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd were paid a dividend of $1.2729 per share. This represents a $5.09 dividend on an annualized basis and a dividend yield of 17.4%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, August 3rd. Dorchester Minerals’s payout ratio is currently 289.20%.

Insider Buying and Selling at Dorchester Minerals

In other news, CFO Leslie Moriyama bought 5,197 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $28.30 per share, for a total transaction of $147,075.10. Following the completion of the acquisition, the chief financial officer owned 103,405 shares of the company’s stock, valued at approximately $2,926,361.50. This trade represents a 5.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.90% of the company’s stock.

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.