Dorchester Minerals (NASDAQ:DMLP) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.36 and traded as high as $25.62. Dorchester Minerals shares last traded at $25.41, with a volume of 265,097 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 a consensus rating of “Sell”.

Dorchester Minerals Stock Performance

The stock’s fifty day simple moving average is $22.84 and its two-hundred day simple moving average is $24.34. The stock has a market capitalization of $1.23 billion, a P/E ratio of 23.53 and a beta of 0.62.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.7557 per share. This represents a $3.02 annualized dividend and a dividend yield of 11.9%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, February 2nd. Dorchester Minerals’s dividend payout ratio is currently 255.56%.

Insider Buying and Selling

In related news, Director Robert C. Vaughn purchased 4,615 shares of Dorchester Minerals stock in a transaction on Tuesday, November 25th. The stock was acquired at an average cost of $21.41 per share, for a total transaction of $98,807.15. Following the completion of the acquisition, the director owned 20,352 shares of the company’s stock, valued at $435,736.32. This trade represents a 29.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Damon Box bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average cost of $21.96 per share, with a total value of $109,800.00. Following the completion of the transaction, the director directly owned 9,000 shares in the company, valued at $197,640. This represents a 125.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 31,338 shares of company stock worth $687,283 over the last three months. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors have recently made changes to their positions in the stock. Winch Advisory Services LLC bought a new position in shares of Dorchester Minerals in the second quarter worth approximately $28,000. Atlantic Union Bankshares Corp purchased a new position in Dorchester Minerals during the second quarter valued at $33,000. Geneos Wealth Management Inc. raised its position 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 during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Dorchester Minerals during the fourth quarter valued at $36,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Dorchester Minerals by 157.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company’s stock worth $72,000 after acquiring an additional 1,570 shares during the period. Hedge funds and other institutional investors own 19.21% of the company’s stock.

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.