Citigroup Inc. Boosts Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Citigroup Inc. grew its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLPFree Report) by 4,306.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,644 shares of the energy company’s stock after purchasing an additional 2,584 shares during the period. Citigroup Inc.’s holdings in Dorchester Minerals were worth $77,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth approximately $30,000. Pin Oak Investment Advisors Inc. grew its position in shares of Dorchester Minerals by 45.0% during the second quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company’s stock worth $43,000 after buying an additional 450 shares in the last quarter. Cannell Capital LLC grew its position in shares of Dorchester Minerals by 35.2% during the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock worth $88,000 after buying an additional 885 shares in the last quarter. State of Wyoming grew its position in shares of Dorchester Minerals by 247.1% during the second quarter. State of Wyoming now owns 3,835 shares of the energy company’s stock worth $115,000 after buying an additional 2,730 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new stake in shares of Dorchester Minerals during the first quarter worth approximately $127,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was purchased at an average price of $31.66 per share, with a total value of $158,300.00. Following the completion of the acquisition, the insider now directly owns 47,299 shares in the company, valued at approximately $1,497,486.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 13,775 shares of company stock valued at $448,648 over the last 90 days. 7.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th.

Read Our Latest Stock Analysis on DMLP

Dorchester Minerals Trading Down 0.8 %

DMLP stock opened at $33.72 on Monday. The company has a market capitalization of $1.33 billion, a P/E ratio of 11.87 and a beta of 1.10. The firm has a 50 day simple moving average of $31.59 and a 200-day simple moving average of $30.32. Dorchester Minerals, L.P. has a twelve month low of $27.02 and a twelve month high of $34.03.

Dorchester Minerals (NASDAQ:DMLPGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.90 EPS for the quarter. The firm had revenue of $50.42 million during the quarter. Dorchester Minerals had a net margin of 68.89% and a return on equity of 66.48%.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Shareholders of record on Monday, January 29th were issued a $1.0079 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 11.96%. The ex-dividend date was Friday, January 26th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.54. Dorchester Minerals’s payout ratio is currently 141.90%.

About Dorchester Minerals

(Free Report)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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Institutional Ownership by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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