Dorchester Minerals (NASDAQ:DMLP) CFO Acquires $147,075.10 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie Moriyama bought 5,197 shares of the stock in a transaction on Wednesday, August 19th. The stock was purchased at an average cost of $28.30 per share, with a total value of $147,075.10. Following the acquisition, the chief financial officer owned 103,405 shares in the company, valued at approximately $2,926,361.50. This represents a 5.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Dorchester Minerals Trading Up 1.4%

Shares of DMLP stock opened at $29.02 on Friday. The business’s 50-day moving average price is $26.59 and its 200-day moving average price is $26.85. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $29.15. The firm 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 released its quarterly earnings results on Thursday, August 6th. The energy company reported $0.62 earnings per share for the quarter. The company had revenue of $56.08 million for the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were issued a dividend of $1.2729 per share. 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 payout ratio is presently 289.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DMLP shares. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Trading of Dorchester Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ING Groep NV lifted its position in shares of Dorchester Minerals by 38.3% in the 4th quarter. ING Groep NV now owns 131,500 shares of the energy company’s stock worth $2,940,000 after purchasing an additional 36,400 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Dorchester Minerals by 147.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 98,028 shares of the energy company’s stock worth $2,192,000 after buying an additional 58,430 shares during the period. Texas Yale Capital Corp. raised its stake in Dorchester Minerals by 15.8% during the fourth quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock worth $4,506,000 after buying an additional 27,500 shares during the last quarter. ArchPoint Investors raised its stake in Dorchester Minerals by 4.1% during the fourth quarter. ArchPoint Investors now owns 559,260 shares of the energy company’s stock worth $12,505,000 after buying an additional 22,201 shares during the last quarter. Finally, Resolute Capital LLC acquired a new position in Dorchester Minerals in the fourth quarter valued at $1,058,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

About Dorchester Minerals

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.