Dorchester Minerals (NASDAQ:DMLP) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Dorchester Minerals (NASDAQ:DMLP) from a hold rating to a buy rating in a research report report published on Saturday morning.

Separately, Weiss Ratings raised shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP opened at $26.02 on Friday. Dorchester Minerals has a 1-year low of $20.85 and a 1-year high of $28.95. The business has a fifty day moving average price of $27.42 and a 200-day moving average price of $24.91. The company has a market capitalization of $1.26 billion, a PE ratio of 18.72 and a beta of 0.56.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 21.77%. The company had revenue of $58.88 million for the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 4th will be paid a $0.475 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.90 annualized dividend and a dividend yield of 7.3%. Dorchester Minerals’s payout ratio is currently 136.69%.

Institutional Investors Weigh In On Dorchester Minerals

Several large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised 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. Creative Planning boosted its holdings in shares of Dorchester Minerals by 4.6% during the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after acquiring an additional 450 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in shares of Dorchester Minerals by 1.5% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after acquiring an additional 450 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares during the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of Dorchester Minerals by 4.7% during the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock valued at $366,000 after purchasing an additional 738 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors.

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.