Dorchester Minerals (NASDAQ:DMLP) Reaches New 1-Year High – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares reached a new 52-week high on Friday . The stock traded as high as $28.96 and last traded at $28.96, with a volume of 83796 shares changing hands. The stock had previously closed at $28.61.

Analysts Set New Price Targets

Several analysts have commented on DMLP shares. Wall Street Zen raised shares of 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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Dorchester Minerals Trading Up 1.4%

The firm has a market cap of $1.42 billion, a P/E ratio of 16.49 and a beta of 0.54. The business’s fifty day simple moving average is $26.54 and its 200-day simple moving average is $26.84.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $0.62 EPS for the quarter. The firm had revenue of $56.08 million during the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were paid a $1.2729 dividend. The ex-dividend date was Monday, August 3rd. This represents a $5.09 annualized dividend and a yield of 17.5%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio is 289.20%.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Leslie A. Moriyama acquired 5,197 shares of Dorchester Minerals stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average cost of $28.30 per share, with a total value of $147,075.10. Following the purchase, the chief financial officer owned 103,405 shares of the company’s stock, valued at $2,926,361.50. This represents a 5.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of Dorchester Minerals during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. boosted its stake in Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after buying an additional 440 shares during the period. Farther Finance Advisors LLC bought a new stake in Dorchester Minerals during the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 3,000 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Dorchester Minerals during the fourth quarter worth about $68,000. 19.21% of the stock is owned by institutional investors.

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.