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

Burford Brothers Inc. purchased a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 36,150 shares of the energy company’s stock, valued at approximately $808,000.

A number of other institutional investors and hedge funds have also modified their holdings of DMLP. Royal Bank of Canada grew its holdings 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 valued at $2,240,000 after buying an additional 3,785 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings 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 buying an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Cetera Investment Advisers purchased a new position in Dorchester Minerals in the second quarter valued at about $293,000. Finally, JPMorgan Chase & Co. grew its stake in Dorchester Minerals by 17.0% in the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock valued at $301,000 after purchasing an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman purchased 4,000 shares of Dorchester Minerals stock in a transaction on Tuesday, May 12th. The stock was bought 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. This represents a 2.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on DMLP shares. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals currently has a consensus rating of “Hold”.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $27.66 on Friday. The business’s 50-day moving average price is $27.50 and its two-hundred day moving average price is $25.00. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $28.95. The company has a market capitalization of $1.33 billion, a P/E ratio of 19.90 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 for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The company had revenue of $58.88 million during the quarter.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were given a $0.475 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%. Dorchester Minerals’s payout ratio is currently 136.69%.

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.