Dorchester Minerals (NASDAQ:DMLP) Announces Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) posted its earnings results on Thursday. The energy company reported $0.24 earnings per share for the quarter, Zacks reports. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Stock Performance

Shares of Dorchester Minerals stock traded down $0.33 during midday trading on Thursday, hitting $32.09. 127,861 shares of the company traded hands, compared to its average volume of 165,935. Dorchester Minerals has a 12 month low of $28.41 and a 12 month high of $35.74. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 11.54 and a beta of 1.07. The firm’s fifty day moving average price is $32.61 and its 200-day moving average price is $31.95.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a $0.7394 dividend. This represents a $2.96 annualized dividend and a yield of 9.22%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is 106.47%.

Insider Transactions at Dorchester Minerals

In related news, insider Minerals Operating Dorchester bought 6,500 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the transaction, the insider now directly owns 28,728 shares in the company, valued at $925,328.88. This trade represents a 29.24 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, with a total value of $496,536.30. Following the completion of the acquisition, the chief executive officer now owns 29,622 shares in the company, valued at approximately $1,019,293.02. The trade was a 94.98 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 52,269 shares of company stock worth $1,732,575. Company insiders own 7.10% of the company’s stock.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.