Dorchester Minerals (DMLP) Upgraded to B- at TheStreet

TheStreet upgraded shares of Dorchester Minerals (NASDAQ:DMLP) from a c+ rating to a b- rating in a research note published on Thursday morning.

Separately, BidaskClub raised shares of Dorchester Minerals from a hold rating to a buy rating in a research note on Monday, March 26th.

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DMLP stock opened at $16.75 on Thursday. Dorchester Minerals has a 12-month low of $13.90 and a 12-month high of $17.85. The stock has a market capitalization of $551.98, a price-to-earnings ratio of 14.49 and a beta of 0.73.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, March 8th. The energy company reported $0.43 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 67.07% and a return on equity of 45.99%. The firm had revenue of $19.53 million for the quarter.

In related news, insider Minerals Operating Dorchester bought 14,200 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were purchased at an average price of $16.57 per share, with a total value of $235,294.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Allen D. Lassiter bought 10,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were bought at an average cost of $15.94 per share, for a total transaction of $159,400.00. The disclosure for this purchase can be found here. Insiders have bought a total of 30,865 shares of company stock worth $502,241 in the last ninety days. Insiders own 9.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DMLP. Towerpoint Wealth LLC bought a new stake in shares of Dorchester Minerals during the 4th quarter valued at about $250,000. E&G Advisors LP bought a new stake in shares of Dorchester Minerals during the 4th quarter valued at about $274,000. First Manhattan Co. boosted its stake in shares of Dorchester Minerals by 36.6% during the 4th quarter. First Manhattan Co. now owns 22,750 shares of the energy company’s stock valued at $345,000 after purchasing an additional 6,100 shares in the last quarter. Mraz Amerine & Associates Inc. boosted its stake in shares of Dorchester Minerals by 20.0% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 56,876 shares of the energy company’s stock valued at $865,000 after purchasing an additional 9,477 shares in the last quarter. Finally, Sanctuary Wealth Advisors LLC boosted its stake in shares of Dorchester Minerals by 8.0% during the 4th quarter. Sanctuary Wealth Advisors LLC now owns 241,609 shares of the energy company’s stock valued at $3,672,000 after purchasing an additional 18,000 shares in the last quarter. 16.14% of the stock is currently owned by hedge funds and other institutional investors.

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About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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