Dorchester Minerals (NASDAQ:DMLP) Releases Earnings Results

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

Dorchester Minerals Price Performance

Dorchester Minerals stock traded up $0.26 during mid-day trading on Friday, hitting $26.08. The company’s stock had a trading volume of 94,004 shares, compared to its average volume of 282,778. Dorchester Minerals has a 52-week low of $20.85 and a 52-week high of $28.95. The company has a market cap of $1.26 billion, a PE ratio of 18.76 and a beta of 0.54. The firm’s 50 day moving average is $26.53 and its 200 day moving average is $26.61.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors 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 (DPR) is currently 366.19%.

Insider Transactions at Dorchester Minerals

In related news, CEO Bradley J. Ehrman acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $26.78 per share, with a total value of $107,120.00. Following the completion of 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Minerals Operating Dorchester bought 7,500 shares of the business’s stock in a transaction on Monday, June 1st. The stock was bought at an average price of $27.56 per share, with a total value of $206,700.00. Following the transaction, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This represents a 12.00% increase in their ownership of the stock. 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. Insiders bought a total of 19,000 shares of company stock worth $526,070 in the last quarter. 5.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Dorchester Minerals during the fourth quarter valued at $318,000. Beacon Pointe Advisors LLC raised its stake in shares of Dorchester Minerals by 6.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 48,544 shares of the energy company’s stock worth $1,085,000 after purchasing an additional 2,828 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Dorchester Minerals by 127.2% during the 4th quarter. Jump Financial LLC now owns 49,100 shares of the energy company’s stock valued at $1,098,000 after buying an additional 27,491 shares during the last quarter. &PARTNERS grew its stake in shares of Dorchester Minerals by 25.7% in the 4th quarter. &PARTNERS now owns 171,450 shares of the energy company’s stock valued at $3,834,000 after buying an additional 35,080 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Dorchester Minerals by 43.1% in the 4th quarter. Royal Bank of Canada now owns 106,682 shares of the energy company’s stock valued at $2,385,000 after buying an additional 32,132 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DMLP. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals currently has a consensus rating of “Hold”.

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.