Dorchester Minerals (NASDAQ:DMLP) Announces Earnings Results

Dorchester Minerals (NASDAQ:DMLP) issued its quarterly earnings data on Thursday. The energy company reported $0.62 earnings per share for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The firm had revenue of $56.08 million during the quarter.

Dorchester Minerals Price Performance

DMLP stock traded up $0.26 on Friday, reaching $26.08. 94,004 shares of the company were exchanged, compared to its average volume of 282,778. The stock’s fifty day moving average price is $26.53 and its 200 day moving average price is $26.61. Dorchester Minerals has a 12 month low of $20.85 and a 12 month high of $28.95. The firm has a market capitalization of $1.26 billion, a PE ratio of 18.76 and a beta of 0.54.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd will be paid a $1.2729 dividend. The ex-dividend date is Monday, August 3rd. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.48. This represents a $5.09 dividend on an annualized basis and a dividend yield of 19.5%. Dorchester Minerals’s dividend payout ratio is presently 366.19%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DMLP. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Insider Activity at Dorchester Minerals

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

Hedge Funds Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its position in shares of Dorchester Minerals by 4.7% during the 4th quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after purchasing an additional 738 shares in the last quarter. HighTower Advisors LLC grew its position in Dorchester Minerals by 43.5% during the 4th quarter. HighTower Advisors LLC now owns 21,145 shares of the energy company’s stock worth $473,000 after acquiring an additional 6,413 shares during the last quarter. Creative Planning raised its stake in shares of Dorchester Minerals by 4.6% during the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after acquiring an additional 450 shares during the last quarter. Advisory Services Network LLC bought a new position in Dorchester Minerals during the 2nd quarter worth approximately $475,000. Finally, Peapack Gladstone Financial Corp lifted its position in shares of Dorchester Minerals by 25.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,182 shares of the energy company’s stock worth $367,000 after purchasing an additional 2,700 shares during the period. 19.21% of the stock is owned by institutional investors.

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.