Minerals Operating Dorchester Acquires 5,000 Shares of Dorchester Minerals (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average price of $22.23 per share, with a total value of $111,150.00. Following the purchase, the insider owned 25,017 shares in the company, valued at $556,127.91. This trade represents a 24.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Minerals Operating Dorchester also recently made the following trade(s):

• On Monday, December 22nd, Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock. The stock was acquired at an average price of $22.30 per share, for a total transaction of $223,000.00.

Dorchester Minerals Stock Performance

Shares of DMLP opened at $22.21 on Thursday. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $34.88. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 20.56 and a beta of 0.61. The firm has a 50-day simple moving average of $23.12 and a 200-day simple moving average of $25.15.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

Dorchester Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were issued a dividend of $0.6899 per share. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s dividend payout ratio is 255.56%.

Institutional Trading of Dorchester Minerals

Several hedge funds have recently modified their holdings of the business. Beacon Pointe Advisors LLC purchased a new stake in Dorchester Minerals during the second quarter worth about $1,137,000. Adams Asset Advisors LLC lifted its position in shares of Dorchester Minerals by 10.3% during the 2nd quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after acquiring an additional 57,600 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Dorchester Minerals by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after acquiring an additional 2,101 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dorchester Minerals by 258.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock worth $12,390,000 after acquiring an additional 297,029 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Dorchester Minerals in the 2nd quarter worth approximately $218,000. 19.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dorchester Minerals in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.