Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.33 and traded as high as $27.71. Dorchester Minerals shares last traded at $27.47, with a volume of 218,084 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Dorchester Minerals Stock Down 0.4%

The company’s fifty day moving average price is $25.63 and its 200-day moving average price is $24.37. The stock has a market capitalization of $1.33 billion, a PE ratio of 23.79 and a beta of 0.62.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share for the quarter. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.The company had revenue of $41.86 million for the quarter.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were paid a $0.7557 dividend. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.69. This represents a $3.02 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend was Monday, February 2nd. Dorchester Minerals’s payout ratio is currently 260.34%.

Hedge Funds Weigh In On Dorchester Minerals

Institutional investors and hedge funds have recently modified their holdings of the stock. MidFirst Bank bought a new position in Dorchester Minerals in the 4th quarter worth about $11,049,000. Virtu Financial LLC bought a new stake in Dorchester Minerals during the 4th quarter valued at about $318,000. Beacon Pointe Advisors LLC increased its stake in Dorchester Minerals by 6.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 48,544 shares of the energy company’s stock valued at $1,085,000 after purchasing an additional 2,828 shares in the last quarter. Jump Financial LLC raised its holdings in Dorchester Minerals by 127.2% in the fourth quarter. Jump Financial LLC now owns 49,100 shares of the energy company’s stock worth $1,098,000 after buying an additional 27,491 shares during the last quarter. Finally, &PARTNERS raised its holdings in Dorchester Minerals by 25.7% in the fourth quarter. &PARTNERS now owns 171,450 shares of the energy company’s stock worth $3,834,000 after buying an additional 35,080 shares during the last quarter. 19.21% of the stock is currently 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.