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

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 7,500 shares of the business’s stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $27.56 per share, for a total transaction of $206,700.00. Following the completion of the acquisition, the insider directly owned 70,017 shares in the company, valued at approximately $1,929,668.52. This represents a 12.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Minerals Operating Dorchester also recently made the following trade(s):

• On Wednesday, May 20th, Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock. The shares were acquired at an average price of $28.30 per share, for a total transaction of $212,250.00.

Dorchester Minerals Stock Performance

Dorchester Minerals stock opened at $28.15 on Thursday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 20.25 and a beta of 0.54. Dorchester Minerals, L.P. has a 52-week low of $20.85 and a 52-week high of $28.95. The stock’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $25.35.

Dorchester Minerals (NASDAQ:DMLP) last posted 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 return on equity of 22.11% and a net margin of 40.85%.The firm had revenue of $58.88 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, May 4th. Dorchester Minerals’s dividend payout ratio is presently 136.69%.

Wall Street Analyst Weigh In

DMLP has been the topic of a number of research reports. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised 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, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Dorchester Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of DMLP. Royal Bank of Canada raised its position in Dorchester Minerals by 5.4% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. raised its position in Dorchester Minerals by 6.3% in the 1st 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 during the last quarter. 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 valued at $35,000 after buying an additional 440 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Dorchester Minerals in the 2nd quarter valued at $293,000. Finally, JPMorgan Chase & Co. raised its position in Dorchester Minerals by 17.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock valued at $301,000 after buying an additional 1,570 shares during the last quarter. 19.21% of the stock is owned by hedge funds and other 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.