Dorchester Minerals (NASDAQ:DMLP) Shares Cross Above 200 Day Moving Average – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.77 and traded as high as $28.11. Dorchester Minerals shares last traded at $28.11, with a volume of 137,635 shares changing hands.

Analyst Upgrades and Downgrades

DMLP has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Dorchester Minerals Stock Performance

The business’s 50 day moving average price is $26.49 and its two-hundred day moving average price is $26.79. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 16.02 and a beta of 0.54.

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

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were paid a dividend of $1.2729 per share. This represents a $5.09 dividend on an annualized basis and a yield of 18.0%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio is 289.20%.

Insider Activity

In other news, insider Minerals Operating Dorchester purchased 7,500 shares of the stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the transaction, the insider owned 70,017 shares in the company, valued at $1,929,668.52. This trade represents a 12.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Dorchester Minerals by 5.4% in the 1st quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock valued at $2,240,000 after acquiring an additional 3,785 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Dorchester Minerals by 6.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after purchasing an additional 2,101 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after purchasing an additional 440 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Dorchester Minerals in the 2nd quarter worth approximately $293,000. Finally, JPMorgan Chase & Co. lifted its stake in Dorchester Minerals by 17.0% during the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock valued at $301,000 after purchasing an additional 1,570 shares during the last quarter. 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.