Texas Yale Capital Corp. Buys 27,500 Shares of Dorchester Minerals, L.P. $DMLP

Texas Yale Capital Corp. boosted its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,500 shares of the energy company’s stock after acquiring an additional 27,500 shares during the period. Texas Yale Capital Corp. owned 0.42% of Dorchester Minerals worth $4,506,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DMLP. Royal Bank of Canada boosted its holdings in Dorchester Minerals by 5.4% in the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock valued at $2,240,000 after acquiring an additional 3,785 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in 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 acquiring an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after acquiring an additional 440 shares in the last quarter. Cetera Investment Advisers bought a new stake in Dorchester Minerals in the second quarter valued at $293,000. Finally, JPMorgan Chase & Co. boosted its holdings in Dorchester Minerals by 17.0% in the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock valued at $301,000 after acquiring an additional 1,570 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 7,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $28.30 per share, for a total transaction of $212,250.00. Following the acquisition, the insider owned 62,517 shares in the company, valued at approximately $1,769,231.10. This represents a 13.63% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Bradley J. Ehrman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the purchase, the chief executive officer owned 142,723 shares in the company, valued at $3,822,121.94. This represents a 2.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.90% of the company’s stock.

Dorchester Minerals Trading Up 0.8%

Shares of DMLP stock opened at $27.08 on Friday. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $28.95. The stock has a market cap of $1.31 billion, a PE ratio of 19.48 and a beta of 0.56. The company’s fifty day moving average price is $27.63 and its 200-day moving average price is $25.24.

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

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders 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 dividend yield of 7.0%. The ex-dividend date was Monday, May 4th. Dorchester Minerals’s payout ratio is 136.69%.

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.