Dorchester Minerals (NASDAQ:DMLP) Insider Minerals Operating Dorchester Purchases 7,500 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $28.30 per share, with a total value of $212,250.00. Following the completion of the purchase, the insider directly owned 62,517 shares of the company’s stock, valued at approximately $1,769,231.10. This trade represents a 13.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dorchester Minerals Stock Down 0.5%

Shares of DMLP stock opened at $27.47 on Friday. The company has a 50 day moving average price of $27.62 and a 200-day moving average price of $25.10. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $28.95. The firm has a market capitalization of $1.33 billion, a PE ratio of 19.76 and a beta of 0.56.

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

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 6.9%. The ex-dividend date was Monday, May 4th. Dorchester Minerals’s payout ratio is 136.69%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DMLP shares. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of 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 company currently has a consensus rating of “Hold”.

Institutional Trading of Dorchester Minerals

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of Dorchester Minerals by 5.4% in 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. boosted 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 worth $1,073,000 after purchasing an additional 2,101 shares during the period. Geneos Wealth Management Inc. boosted its position 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 purchasing an additional 440 shares during the period. Cetera Investment Advisers bought a new position in shares of Dorchester Minerals in the second quarter worth approximately $293,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Dorchester Minerals by 17.0% in the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock worth $301,000 after purchasing an additional 1,570 shares during the period. 19.21% of the stock is currently owned by institutional investors.

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.