MidFirst Bank Takes $11.05 Million Position in Dorchester Minerals, L.P. $DMLP

MidFirst Bank bought a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 494,153 shares of the energy company’s stock, valued at approximately $11,049,000. Dorchester Minerals comprises 0.9% of MidFirst Bank’s holdings, making the stock its 23rd biggest position. MidFirst Bank owned about 1.02% of Dorchester Minerals at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Dorchester Minerals by 5.4% during the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock worth $2,240,000 after purchasing an additional 3,785 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Dorchester Minerals by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock valued at $1,073,000 after purchasing an additional 2,101 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Dorchester Minerals by 59.9% in 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 during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Dorchester Minerals in the second quarter worth $293,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Dorchester Minerals by 17.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock worth $301,000 after buying an additional 1,570 shares during the period. 19.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 4,000 shares of Dorchester Minerals stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $26.78 per share, with a total value of $107,120.00. Following the completion of the purchase, the chief executive officer owned 142,723 shares in the company, valued at $3,822,121.94. This trade represents a 2.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the purchase, the insider owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. This represents a 12.00% increase in their position. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 19,000 shares of company stock valued at $526,070. Corporate insiders own 5.90% of the company’s stock.

Dorchester Minerals Trading Down 2.9%

DMLP stock opened at $25.09 on Friday. Dorchester Minerals, L.P. has a 1-year low of $20.85 and a 1-year high of $28.95. The firm has a market cap of $1.21 billion, a P/E ratio of 18.05 and a beta of 0.54. The business’s 50 day moving average is $27.45 and its 200-day moving average is $25.68.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%. The business had revenue of $58.88 million during the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, May 4th. Dorchester Minerals’s dividend payout ratio (DPR) is currently 136.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DMLP. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Dorchester Minerals 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.