Minerals Operating Dorchester Acquires 5,000 Shares of Dorchester Minerals (NASDAQ:DMLP) Stock

by · The Markets Daily

Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Free Report) insider Minerals Operating Dorchester purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average price of $22.23 per share, with a total value of $111,150.00. Following the purchase, the insider owned 25,017 shares in the company, valued at $556,127.91. This trade represents a 24.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Minerals Operating Dorchester also recently made the following trade(s):

  • On Monday, December 22nd, Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock. The stock was acquired at an average price of $22.30 per share, for a total transaction of $223,000.00.

Dorchester Minerals Stock Performance

Shares of DMLP opened at $22.21 on Thursday. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $34.88. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 20.56 and a beta of 0.61. The firm has a 50-day simple moving average of $23.12 and a 200-day simple moving average of $25.15.

Dorchester Minerals (NASDAQ:DMLP – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

Dorchester Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were issued a dividend of $0.6899 per share. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s dividend payout ratio is 255.56%.

Institutional Trading of Dorchester Minerals

Several hedge funds have recently modified their holdings of the business. Beacon Pointe Advisors LLC purchased a new stake in Dorchester Minerals during the second quarter worth about $1,137,000. Adams Asset Advisors LLC lifted its position in shares of Dorchester Minerals by 10.3% during the 2nd quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after acquiring an additional 57,600 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Dorchester Minerals by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after acquiring an additional 2,101 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dorchester Minerals by 258.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock worth $12,390,000 after acquiring an additional 297,029 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Dorchester Minerals in the 2nd quarter worth approximately $218,000. 19.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dorchester Minerals in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Check Out Our Latest Analysis on DMLP

Dorchester Minerals Company Profile

(Get Free Report)

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.

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