Dorchester Minerals (NASDAQ:DMLP) Hits New 12-Month High – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP) hit a new 52-week high during trading on Friday . The stock traded as high as $28.96 and last traded at $28.96, with a volume of 83796 shares traded. The stock had previously closed at $28.61.

Analyst Upgrades and Downgrades

DMLP has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. Wall Street Zen raised shares of 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, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Dorchester Minerals Stock Up 1.4%

The firm has a fifty day moving average of $26.59 and a 200-day moving average of $26.85. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 16.49 and a beta of 0.54.

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

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 3rd were paid a $1.2729 dividend. This represents a $5.09 dividend on an annualized basis and a yield of 17.5%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio is currently 289.20%.

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction on Monday, June 1st. The shares were bought at an average price of $27.56 per share, with a total value of $206,700.00. Following the completion of the acquisition, the insider directly owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. This trade represents a 12.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Leslie A. Moriyama purchased 5,197 shares of the stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $28.30 per share, for a total transaction of $147,075.10. Following the completion of the transaction, the chief financial officer directly owned 103,405 shares of the company’s stock, valued at approximately $2,926,361.50. The trade was a 5.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. purchased a new stake in Dorchester Minerals in the 2nd quarter valued at approximately $25,000. Geneos Wealth Management Inc. increased its position in Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after buying an additional 440 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Dorchester Minerals in the fourth quarter worth $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of Dorchester Minerals by 4,918.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Dorchester Minerals in the fourth quarter valued at $68,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

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.