Dorchester Minerals (NASDAQ:DMLP) Posts Earnings Results

Dorchester Minerals (NASDAQ:DMLP) announced its earnings results on Thursday. The energy company reported $0.62 EPS for the quarter, Zacks reports. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%. The business had revenue of $56.08 million during the quarter.

Dorchester Minerals Price Performance

Shares of DMLP stock traded up $0.26 during mid-day trading on Friday, hitting $26.08. The stock had a trading volume of 94,004 shares, compared to its average volume of 282,778. The firm has a market cap of $1.26 billion, a PE ratio of 18.76 and a beta of 0.54. The company’s 50-day simple moving average is $26.53 and its 200-day simple moving average is $26.61. Dorchester Minerals has a fifty-two week low of $20.85 and a fifty-two week high of $28.95.

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be paid a $1.2729 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $5.09 annualized dividend and a yield of 19.5%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio is presently 366.19%.

Analyst Upgrades and Downgrades

DMLP has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. Wall Street Zen raised 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, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman bought 4,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the transaction, the chief executive officer owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This trade represents a 2.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Minerals Operating Dorchester bought 7,500 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $27.56 per share, with a total value of $206,700.00. Following the completion of the purchase, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This represents a 12.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have bought 19,000 shares of company stock worth $526,070. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Dorchester Minerals

A number of institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of 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 during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its holdings in Dorchester Minerals by 1.5% during 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 buying an additional 450 shares in the last quarter. Creative Planning grew its position in Dorchester Minerals by 4.6% during the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock worth $263,000 after buying an additional 450 shares during the period. Osaic Holdings Inc. grew its position in Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after buying an additional 463 shares during the period. Finally, Lido Advisors LLC increased its holdings in Dorchester Minerals by 4.7% in the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock valued at $366,000 after buying an additional 738 shares in the last quarter. 19.21% of the stock is currently 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.