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

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the acquisition, the insider owned 70,017 shares of the company’s stock, valued at $1,929,668.52. This represents a 12.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was purchased at an average price of $28.30 per share, with a total value of $212,250.00.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP traded up $0.40 during trading hours on Tuesday, reaching $28.06. The stock had a trading volume of 129,927 shares, compared to its average volume of 174,040. Dorchester Minerals, L.P. has a 1 year low of $20.85 and a 1 year high of $28.95. The firm’s 50 day moving average is $27.64 and its 200-day moving average is $25.29. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 20.19 and a beta of 0.54.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. The business had revenue of $58.88 million during the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed 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 annualized dividend 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 currently 136.69%.

Institutional Investors Weigh In On Dorchester Minerals

Several large investors have recently modified their holdings of DMLP. Geneos Wealth Management Inc. increased its holdings 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. Farther Finance Advisors LLC acquired a new position in shares of Dorchester Minerals in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Dorchester Minerals by 4,918.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after acquiring an additional 3,000 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Dorchester Minerals during the fourth quarter worth about $68,000. Finally, Osaic Holdings Inc. increased its stake in shares of 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 acquiring an additional 463 shares during the period. 19.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DMLP has been the subject of several recent analyst reports. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Hold”.

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.