Adams Asset Advisors LLC Grows Stock Position in Dorchester Minerals, L.P. $DMLP

Adams Asset Advisors LLC lifted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 746,675 shares of the energy company’s stock after acquiring an additional 129,567 shares during the quarter. Dorchester Minerals accounts for approximately 2.5% of Adams Asset Advisors LLC’s holdings, making the stock its 6th largest position. Adams Asset Advisors LLC owned 1.58% of Dorchester Minerals worth $19,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC bought a new position in Dorchester Minerals during the second quarter worth $28,000. Atlantic Union Bankshares Corp bought a new position in shares of Dorchester Minerals in the 2nd quarter worth about $33,000. Geneos Wealth Management Inc. lifted its position in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after buying an additional 440 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Dorchester Minerals by 157.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company’s stock valued at $72,000 after buying an additional 1,570 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after buying an additional 463 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dorchester Minerals

In related news, CFO Leslie A. Moriyama acquired 3,041 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $65,381.50. Following the completion of the acquisition, the chief financial officer directly owned 83,673 shares of the company’s stock, valued at approximately $1,798,969.50. The trade was a 3.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert C. Vaughn acquired 4,615 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average price of $21.41 per share, for a total transaction of $98,807.15. Following the purchase, the director directly owned 20,352 shares of the company’s stock, valued at approximately $435,736.32. This trade represents a 29.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 16,338 shares of company stock valued at $353,133. 5.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dorchester Minerals in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Dorchester Minerals Stock Performance

Shares of DMLP stock opened at $22.19 on Friday. Dorchester Minerals, L.P. has a 1 year low of $20.85 and a 1 year high of $34.88. The firm has a market capitalization of $1.07 billion, a PE ratio of 20.55 and a beta of 0.61. The stock has a fifty day moving average of $23.23 and a two-hundred day moving average of $25.28.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 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. Stockholders of record on Monday, November 3rd were paid a $0.6899 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 12.4%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. Dorchester Minerals’s dividend payout ratio (DPR) is currently 255.56%.

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.