Dorchester Minerals (NASDAQ:DMLP) Issues Earnings Results

Dorchester Minerals (NASDAQ:DMLP) released its quarterly earnings results on Tuesday. The energy company reported $0.32 earnings per share (EPS) for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 17.44% and a net margin of 37.53%.The firm had revenue of $41.86 million for the quarter.

Dorchester Minerals Trading Up 0.3%

Shares of Dorchester Minerals stock traded up $0.09 on Thursday, reaching $25.51. 36,159 shares of the stock were exchanged, compared to its average volume of 165,556. Dorchester Minerals has a 1-year low of $20.85 and a 1-year high of $31.32. The business has a fifty day moving average price of $23.89 and a two-hundred day moving average price of $24.08. The firm has a market capitalization of $1.23 billion, a PE ratio of 21.99 and a beta of 0.65.

Dorchester Minerals Increases Dividend

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

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, Director Frank Damon Box acquired 5,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were bought at an average price of $21.96 per share, with a total value of $109,800.00. Following the acquisition, the director owned 9,000 shares of the company’s stock, valued at $197,640. This trade represents a 125.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Minerals Operating Dorchester bought 10,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were acquired at an average cost of $22.30 per share, with a total value of $223,000.00. Following the completion of the purchase, the insider owned 35,017 shares in the company, valued at approximately $780,879.10. This represents a 39.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 20,195 shares of company stock valued at $448,115. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its stake in shares of Dorchester Minerals by 59.9% during 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 period. Creative Planning boosted its holdings in Dorchester Minerals by 4.6% during the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock worth $263,000 after buying an additional 450 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its position in Dorchester Minerals by 1.5% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after buying an additional 450 shares during the period. Osaic Holdings Inc. increased its holdings in Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after buying an additional 463 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in Dorchester Minerals by 4.7% in the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock valued at $366,000 after buying an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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