Dorchester Minerals (NASDAQ:DMLP) Issues Earnings Results

Dorchester Minerals (NASDAQ:DMLP) issued its quarterly earnings results on Tuesday. The energy company reported $0.32 earnings per share (EPS) for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP traded up $0.03 on Tuesday, hitting $25.47. 184,597 shares of the company were exchanged, compared to its average volume of 172,655. The company’s 50 day moving average price is $23.75 and its two-hundred day moving average price is $24.07. Dorchester Minerals has a one year low of $20.85 and a one year high of $31.32. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 23.58 and a beta of 0.64.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.7557 per share. This represents a $3.02 annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Monday, February 2nd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.69. Dorchester Minerals’s payout ratio is presently 279.63%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Dorchester Minerals in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman acquired 2,487 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $21.60 per share, with a total value of $53,719.20. Following the acquisition, the chief executive officer owned 121,197 shares of the company’s stock, valued at $2,617,855.20. This trade represents a 2.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were purchased at an average price of $22.30 per share, for a total transaction of $223,000.00. Following the completion of the transaction, the insider owned 35,017 shares of the company’s stock, valued at $780,879.10. This trade represents a 39.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 22,682 shares of company stock valued at $501,834 over the last three months. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.