Dorchester Minerals (NASDAQ:DMLP) Posts Earnings Results

Dorchester Minerals (NASDAQ:DMLP) released its quarterly earnings results on Tuesday. The energy company reported $0.32 earnings per share for the quarter, Zacks reports. Dorchester Minerals had a net margin of 36.27% and a return on equity of 16.22%.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $25.47 on Wednesday. Dorchester Minerals has a 52-week low of $20.85 and a 52-week high of $31.32. The company has a market capitalization of $1.23 billion, a P/E ratio of 23.58 and a beta of 0.65. The company has a fifty day moving average of $23.83 and a 200-day moving average of $24.07.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were given a dividend of $0.7557 per share. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, February 2nd. This represents a $3.02 annualized dividend and a dividend yield of 11.9%. Dorchester Minerals’s dividend payout ratio is 279.63%.

Insiders Place Their Bets

In other news, insider Minerals Operating Dorchester acquired 10,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was purchased at an average cost of $22.30 per share, for a total transaction of $223,000.00. Following the acquisition, the insider owned 35,017 shares of the company’s stock, valued at $780,879.10. This trade represents a 39.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Damon Box acquired 5,000 shares of Dorchester Minerals stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the transaction, the director directly owned 9,000 shares in the company, valued at approximately $197,640. The trade was a 125.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 20,195 shares of company stock worth $448,115. 5.90% of the stock is owned by insiders.

Institutional Trading of Dorchester Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of DMLP. Jane Street Group LLC bought a new position in Dorchester Minerals during the second quarter valued at approximately $1,855,000. UBS Group AG boosted its stake in shares of Dorchester Minerals by 121.7% in the 3rd quarter. UBS Group AG now owns 86,964 shares of the energy company’s stock valued at $2,251,000 after purchasing an additional 47,744 shares in the last quarter. &PARTNERS grew its holdings in shares of Dorchester Minerals by 25.7% during the 4th quarter. &PARTNERS now owns 171,450 shares of the energy company’s stock valued at $3,834,000 after purchasing an additional 35,080 shares during the last quarter. Stifel Financial Corp raised its position in Dorchester Minerals by 35.8% in the 4th quarter. Stifel Financial Corp now owns 123,844 shares of the energy company’s stock worth $2,769,000 after purchasing an additional 32,644 shares during the period. Finally, Royal Bank of Canada raised its position in Dorchester Minerals by 43.1% in the 4th quarter. Royal Bank of Canada now owns 106,682 shares of the energy company’s stock worth $2,385,000 after purchasing an additional 32,132 shares during the period. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dorchester Minerals in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.