Geneos Wealth Management Inc. Sells 665 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Geneos Wealth Management Inc. trimmed its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 12.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,685 shares of the energy company’s stock after selling 665 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Dorchester Minerals were worth $149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new position in Dorchester Minerals during the fourth quarter worth about $30,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Dorchester Minerals by 45.0% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company’s stock valued at $43,000 after purchasing an additional 450 shares in the last quarter. Citigroup Inc. grew its position in shares of Dorchester Minerals by 4,306.7% in the 3rd quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,584 shares during the period. Cannell Capital LLC increased its stake in Dorchester Minerals by 35.2% during the 1st quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock worth $88,000 after purchasing an additional 885 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in Dorchester Minerals during the 4th quarter worth approximately $108,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Trading Up 0.1 %

Shares of NASDAQ DMLP opened at $34.19 on Monday. The company has a fifty day moving average price of $32.08 and a 200 day moving average price of $30.72. Dorchester Minerals, L.P. has a 1-year low of $27.02 and a 1-year high of $35.74. The firm has a market cap of $1.35 billion, a PE ratio of 12.04 and a beta of 1.11.

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

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Monday, January 29th were paid a dividend of $1.0079 per share. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.54. This represents a $4.03 annualized dividend and a dividend yield of 11.79%. The ex-dividend date was Friday, January 26th. Dorchester Minerals’s dividend payout ratio (DPR) is currently 141.90%.

Analyst Ratings Changes

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

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Thursday, January 25th. The stock was acquired at an average price of $33.46 per share, for a total transaction of $250,950.00. Following the completion of the acquisition, the insider now owns 42,299 shares of the company’s stock, valued at approximately $1,415,324.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 13,775 shares of company stock worth $448,648 over the last ninety days. Insiders own 7.10% of the company’s stock.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, 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.