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

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.53 and traded as high as $27.63. Dorchester Minerals shares last traded at $27.61, with a volume of 326,926 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DMLP shares. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Dorchester Minerals Stock Performance

The business’s 50 day moving average price is $26.68 and its 200-day moving average price is $26.53. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 19.86 and a beta of 0.55.

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

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd will be issued a $1.2729 dividend. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, August 3rd. This represents a $5.09 dividend on an annualized basis and a dividend yield of 18.4%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 136.69%.

Insider Activity at Dorchester Minerals

In other news, CEO Bradley J. Ehrman acquired 4,000 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the purchase, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at $3,822,121.94. This trade represents a 2.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Minerals Operating Dorchester bought 7,500 shares of the stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $27.56 per share, with a total value of $206,700.00. Following the purchase, the insider owned 70,017 shares of the company’s stock, valued at $1,929,668.52. The trade was a 12.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have purchased 19,000 shares of company stock worth $526,070. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Dorchester Minerals

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its position in Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after buying an additional 440 shares during the period. Farther Finance Advisors LLC acquired a new position in Dorchester Minerals during the 4th quarter valued at about $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at approximately $68,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $68,000 after buying an additional 3,000 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position 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 buying an additional 463 shares during the period. Institutional investors own 19.21% of the company’s stock.

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.