Dorchester Minerals (NASDAQ:DMLP) Issues Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) posted its 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

Shares of NASDAQ DMLP traded up $0.03 during midday trading on Tuesday, reaching $25.47. The stock had a trading volume of 184,597 shares, compared to its average volume of 172,655. The company’s 50 day moving average price is $23.75 and its 200 day moving average price is $24.07. Dorchester Minerals has a twelve month low of $20.85 and a twelve month high of $31.32. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 23.58 and a beta of 0.64.

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.7557 per share. This represents a $3.02 annualized dividend and a yield of 11.9%. The ex-dividend date was Monday, February 2nd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.69. Dorchester Minerals’s dividend payout ratio (DPR) is 279.63%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, insider Minerals Operating Dorchester bought 10,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average price of $22.30 per share, with a total value of $223,000.00. Following the completion of the purchase, the insider directly owned 35,017 shares of the company’s stock, valued at approximately $780,879.10. This represents a 39.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bradley J. Ehrman purchased 2,487 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of $21.60 per share, for a total transaction of $53,719.20. Following the transaction, the chief executive officer directly owned 121,197 shares of the company’s stock, valued at approximately $2,617,855.20. The trade was a 2.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 22,682 shares of company stock valued at $501,834 over the last quarter. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Dorchester Minerals

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