Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.47 and traded as high as $27.77. Dorchester Minerals shares last traded at $27.53, with a volume of 82,536 shares.

Wall Street Analyst Weigh In

DMLP has been the topic of several research reports. Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Dorchester Minerals Price Performance

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 19.81 and a beta of 0.54. The firm’s 50 day moving average price is $27.66 and its two-hundred day moving average price is $25.47.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were given a $0.475 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 136.69%.

Insider Transactions 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 stock was purchased at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the transaction, the chief executive officer directly owned 142,723 shares in the company, valued at approximately $3,822,121.94. This trade represents a 2.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $27.56 per share, with a total value of $206,700.00. Following the transaction, the insider 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. In the last 90 days, insiders purchased 19,000 shares of company stock valued at $526,070. 5.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds have recently added to or reduced their stakes in DMLP. Geneos Wealth Management Inc. lifted its position 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 purchasing an additional 440 shares during the period. Farther Finance Advisors LLC acquired a new stake in Dorchester Minerals in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted its position in Dorchester Minerals by 4,918.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock valued at $68,000 after purchasing an additional 3,000 shares during the period. Kestra Advisory Services LLC acquired a new stake in Dorchester Minerals in the fourth quarter valued at about $68,000. Finally, Osaic Holdings Inc. lifted its position in Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares during the period. 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.